The paper examines the applicability of GDP-linked bonds for the financing of developing countries and emerging markets. GDP-linked bonds are bonds of which the coupon and/or redemption payments are tied to the GDP of the issuing country. The study encompasses a detailed empirical analysis of...

The international community has committed itself to adopt a global climate agreement in Paris in 2015, which shall enter into force in 2020 and shall be legally-binding for all. In advance of the negotiations, parties shall submit the so-called Intended Nationally Determined Contributions...

The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted more than one-quarter of global output and more than half of global output growth during 2010-15.These emerging markets, which we call EM7,are also closely integrated with other...

The BRIICS - Brazil, Russia, India, Indonesia, China and South Africa - are the largest developing countries in their respective regions. A snapshot of their trade policies shows they have already liberalised trade and foreign direct investment extensively, and thereby plugged themselves into...