Auckenthaler, Julia; Kupfer, Alexander; Sendlhofer, Rupert - 2014
The sovereign's intention to issue inflation-linked bonds (ILB) is to save money. More than 15 years' experience with … are costly and basically characterized by low liquidity issues. Recently, various papers have started to analyze the … impact of liquidity on ILB yields. This paper summarizes studies concerning ILB liquidity at a glance and adds a new …