A bond that insures against instability

According to this article published by the Financial Times on Monday 10 July, there has been increasing interest in creating bonds linked to the growth of a countrys' GDP.

"GDP-linked bonds would have important advantages when compared with conventional debt for borrowers and investors, as well as significant externalities for the international financial system," the article says.

A desire to introduce such bonds was expressed at the spring meetings of the International Monetary Fund and the Wo

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: