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Growth-Linked Securities

By John Williamson
eBook
$69.99
By John Williamson
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This book provides a detailed and comprehensive synthesis of the literature on growth-linked securities, which are an equity-like method of financing for sovereigns. Based on an idea introduced by Shiller (1993), these securities enjoy growing intellectual support. Momentum in favour of them in policy circles has increased since the global financial crisis of 2007-9 and the subsequent debt crisis in Europe in 2010. This book covers many issues on the topic. After surveying the history of th...

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BusinessEconomicsEconomic Theory & Schools of ThoughtHistory of Economics