of a global lottery and a global premium bond (with the successful UK scheme providing a model for the latter). Each has … different strengths: the global lottery can add to the supply of grant finance for development, while the global premium bond … and a premium bond are viable and complementary in mobilizing more development finance …

used to decompose the municipal to treasuries bond spreads into liquidity, maturity, and default risk premiums. The first … breaks in bond distortions. This study finds that the currency price distortions of the Swiss franc in January 2015 made long …-run changes in the composition of the municipal bond spreads. This research contributes to the understanding of municipal bond …

This paper analyzes bond convenience yields in a currency union. The intertemporal government budget constraint … requires member countries' bond convenience yields and default spreads to adjust in response to shocks to their government … surpluses. In the data, adjustments to convenience yields explain a larger fraction of the variation in Eurozone bond yields …

This paper implements a structural model of the yield curve with data on nominal positions and survey forecasts. Bond … bond payoffs. Risk premia measured by an econometrician vary because of changes in investors' subjective risk premia that …