Modern Trends In GDP-Linked Securities Design
Journal: MIND Journal
Year: 2020

Numerous research papers substantiate the idea that GDP-linked bonds could provide a potential means for indebted countries to avoid default (the cost of which to be measured by an endowment loss and temporary exclusion from capital markets) by linking current reduction of the total outstanding debt with liabilities to share future gains of growth of national economy.Actualization of this idea has already taken place in a dozen of countries.This article presents comparative analysis of backgroun