01698cas a2200241 a 4500 AALejournalIMF004070 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863451 1018-5941 BD-DhAAL BD-DhAAL Miyajima, Ken. How to Evaluate GDP-Linked Warrants : Price and Repayment Capacity / Ken Miyajima. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Following a brief review of the recent history of GDP-linked instruments, this paper proposes a set of tools to examine the quantitative properties of GDP-linked warrants. It argues that trigger conditions should be clearly identifiable and payment amounts easily calculable. Based on a design that includes these features and historical data for the main EMBI countries, the paper provides an assessment of the issuer's capacity to service GDP-linked warrants, comparing payments with tax revenues stemming from contemporaneous growth. The price of the GDP-linked warrants are then estimated from the point of view of both domestic and foreign investors. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/085 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/085/001.2006.issue-085-en.xml IMF e-Library