State-Contingent Debt Instruments for Sovereigns.
Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool has been around for some time and remains appealing; but take-up has been limited. Earlier staff work had advocated the use of growth-indexed bonds in emerging markets and continge...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Series: | Policy Papers; Policy Paper ;
No. 2017/023 |
| Online Access: | Full text available on IMF |