Growth-Linked Securities

This book provides a detailed and comprehensive synthesis of the literature on growth-linked securities, which are an equity-like method of financing for sovereigns. Based on an idea introduced by Shiller (1993), these securities enjoy growing intellectual support. Momentum in favour of them in poli...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Williamson, John (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
LEADER 02710nam a22003975i 4500
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040 |d GrThAP 
100 1 |a Williamson, John.  |e author. 
245 1 0 |a Growth-Linked Securities  |h [electronic resource] /  |c by John Williamson. 
264 1 |a Cham :  |b Springer International Publishing :  |b Imprint: Palgrave Macmillan,  |c 2017. 
300 |a XIII, 129 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
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505 0 |a Chapter 1: Introduction -- Chapter 2: History and Precedents -- Chapter 3: The Variants of GDP-Linked Securities -- Chapter 4: The Benefits of GDP-Linked Securities -- Chapter 5: The Costs of GDP-Linked Securities -- Chapter 6: Topics in the Demand for GDP-Linked Securities -- Chapter 7: Topics in the Supply of GDP-Linked Securities -- Chapter 8: GDP Revisions -- Chapter 9: Would BM Really be Anti-Cyclical? -- Chapter 10: Selecting the Best Form  -- Chapter 11: The Disadvantages of Financial Innovation -- Chapter 12: Concluding Remarks. 
520 |a This book provides a detailed and comprehensive synthesis of the literature on growth-linked securities, which are an equity-like method of financing for sovereigns. Based on an idea introduced by Shiller (1993), these securities enjoy growing intellectual support. Momentum in favour of them in policy circles has increased since the global financial crisis of 2007-9 and the subsequent debt crisis in Europe in 2010. This book covers many issues on the topic. After surveying the history of the idea and past experiences of countries that issued growth-linked warrants, chapters examine the pros and cons of this financial instrument from the point of view of issuers and investors. The book also discusses technical issues preventing the broad issuance of growth-linked securities and provides solutions to foster their acceptance by market participants.  . 
650 0 |a Finance. 
650 0 |a Investment banking. 
650 0 |a Securities. 
650 1 4 |a Finance. 
650 2 4 |a Investments and Securities. 
650 2 4 |a International Finance. 
650 2 4 |a Financial Crises. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783319683324 
856 4 0 |u http://dx.doi.org/10.1007/978-3-319-68333-1  |z Full Text via HEAL-Link 
912 |a ZDB-2-ECF 
950 |a Economics and Finance (Springer-41170)