| Tekijä: | Gordon, K. M. YaGemmill, G. |
| Otsikko: | Commodity-indexed debt. |
| Lehti: | Columbia Journal of World Business
1988 : WINTER, VOL. 23:4, p. 57-61 |
| Asiasana: | DEBT MANAGEMENT COMMODITIES |
| Kieli: | eng |
| Tiivistelmä: | A parallel is drawn between debt-equity swaps and debt-commodity swaps as complements in an overall solution to the LDC debt crisis. New market institutions are needed which offer producers of commodities more flexibility in managing their risks. Debt-commodity swaps would provide this flexibility. The attraction of commodity-indexed debt for LDC's is clear: its related position can only be obtained with difficulty, if at all, through the use of futures markets. Commodity-indexed debt could also be attractive to investors as an addition to diversified portfolios of more traditional assets such as equities and bonds. Finally, swaps into commodity-indexed debt might be more palatable to banks. |
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