Abstract
‘Why, if both borrower and lender benefit from them, [does] an index loan market… not develop spontaneously and without any government initiative’? This question, asked by Professor Arvidsson at the I.E.A. conference on inflation in 1962, 2 provides the major theme for the present paper which pursues in some detail possible reasons for the non-existence of privately issued index bonds in the United States.
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References
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© 1977 International Economic Association
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Fischer, S. (1977). On the Non-existence of Privately Issued Index Bonds in the United States Capital Market. In: Lundberg, E. (eds) Inflation Theory and Anti-Inflation Policy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03260-0_20
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DOI: https://doi.org/10.1007/978-1-349-03260-0_20
Publisher Name: Palgrave Macmillan, London
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