Is There a Novelty Premium on New Financial Instruments? : The Argentine Experience with GDP-Indexed Warrants /

This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the expected net present value of payments, on the basis of various forecast assumptions....

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Ricci, Luca
Awduron Eraill: Chamon, Marcos, Costa, Alejo
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/109
Mynediad Ar-lein:Full text available on IMF