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Sukuk markets : a proposed approach for development

Kusuma, Ketut Ariadi; Silva, Anderson Caputo - 2014

Persistent link: https://www.econbiz.de/10010457449

Eurobonds : a quantitative analysis of joint-liability debt

Tsiropoulos, Vasileios - 2019

This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...

Persistent link: https://www.econbiz.de/10012114435

Trading off the income gains and the inequality costs of trade policy

Artuc, Erhan; Rijkers, Bob; Porto, Guido G. - 2019

This paper characterizes the trade-off between the income gains and the inequality costs of trade using survey data for 54 developing countries. Tariff data on agricultural and manufacturing goods are combined with household survey data on detailed income and expenditure patterns to estimate the...

Persistent link: https://www.econbiz.de/10012022290

Borrow with sorrow? : the changing risk profile of Sub-Saharan Africa’s debt

Calderón, César A.; Zeufack, Albert G. - 2020

In the post-global financial crisis period, the financing of countercyclical policies led not only to a reduction in the fiscal surpluses across Sub-Saharan African countries, but also an increase in their levels of indebtedness. Although public debt for the region in 2018 was still below that...

Persistent link: https://www.econbiz.de/10012228708

Financing low-carbon transitions through carbon pricing and green bonds

Heine, Dirk; Semmler, Willi; Mazzucato, Mariana; Braga, … - 2019

a combination of carbon pricing and green bonds. This paper studies the reasoning behind such policy mixes and the … inter-temporal model that proposes burden sharing between current and future generations. The issuance of green bonds helps … to enable immediate investment in climate change mitigation and adaptation, and the bonds would be repaid by future …

Persistent link: https://www.econbiz.de/10012114093