Growth-Linked Securities

• Main Author: Williamson, John (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
• Subjects: Finance.; Investment banking.; Securities.; Investments and Securities.; International Finance.; Financial Crises.

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...

Table of Contents:

• 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.