{"id":7589,"date":"2016-09-18T22:40:27","date_gmt":"2016-09-19T02:40:27","guid":{"rendered":"http:\/\/centerforfinancialstability.org\/wp\/?p=7589"},"modified":"2016-09-18T22:40:27","modified_gmt":"2016-09-19T02:40:27","slug":"gdp-linked-bonds","status":"publish","type":"post","link":"https:\/\/centerforfinancialstability.org\/wp\/2016\/09\/18\/gdp-linked-bonds\/","title":{"rendered":"GDP-Linked Bonds"},"content":{"rendered":"<p>A recent paper, <strong><a href=\"http:\/\/g20.org\/English\/Documents\/Current\/201608\/P020160819308909135134.pdf\">&#8220;Making a reality of GDP-linked sovereign bonds,&#8221;<\/a><\/strong>\u00a0contends\u00a0that this is an opportune time to consider how to establish a broad market for such bonds. The paper, by staff of the Bank of England with contributions from\u00a0the Banco Central de la Rep\u00fablica Argentina and the Bank of Canada, proposes four next steps: (1)\u00a0build on existing work on a draft term sheet; (2) develop guidelines for when GDP-linked bonds are most beneficial to a sovereign issuer outside of a restructuring; (3) assemble principles for using GDP-linked debt in debt restructurings; and (4) improve understanding about pricing of GDP-linked bonds.<\/p>\n<p>(Thanks to David Beers of the Bank of England for notification about the paper. I \u00a0express no personal position on the subject here.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent paper, &#8220;Making a reality of GDP-linked sovereign bonds,&#8221;\u00a0contends\u00a0that this is an opportune time to consider how to establish a broad market for such bonds. The paper, by staff of the Bank of England with contributions from\u00a0the Banco Central &hellip; <a href=\"https:\/\/centerforfinancialstability.org\/wp\/2016\/09\/18\/gdp-linked-bonds\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-7589","post","type-post","status-publish","format-standard","hentry","category-reg"],"_links":{"self":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/7589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/comments?post=7589"}],"version-history":[{"count":1,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/7589\/revisions"}],"predecessor-version":[{"id":7590,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/7589\/revisions\/7590"}],"wp:attachment":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/media?parent=7589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/categories?post=7589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/tags?post=7589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}