Schröder, Michael; Heinemann, Friedrich; Kruse, Susanne; … - In: Journal of International Development 19 (2007) 5, pp. 667-683
The paper examines the applicability of GDP-linked bonds for the financing of developing countries. These bonds are characterised by tying the coupon and|or redemption payments to the GDP of the issuing country. Along with an analysis of their pricing behaviour and of their behaviour in a...