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This paper presents an equilibrium bond pricing model driven by two stochastic factors: the real interest rate and the …
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A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper...
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While India boasts a world-class equity market and increasingly important bank assets, its bond market has not kept up …. The government bond market remains illiquid. The corporate bond market, in addition, remains restrictive to participants … meet the needs of its firms and investors, the bond market must therefore evolve. This will mean creating new market …
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