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Is There A Novelty Premium On New Financial Instruments The Argentine Experience With Gdpindexed Warrants 1st Edition Luca Antonio Ricci Marcos Chamon Alejo Costa

Name: Is There A Novelty Premium On New Financial Instruments The Argentine Experience With Gdpindexed Warrants 1st Edition Luca Antonio Ricci Marcos Chamon Alejo Costa
SKU: BELL-51286492
Price: 31.00 USD
Availability: InStock
Rating: 4.8 (54 reviews)

SKU: BELL-51286492

Is There A Novelty Premium On New Financial Instruments The Argentine Experience With Gdpindexed Warrants 1st Edition Luca Antonio Ricci Marcos Chamon Alejo Costa

$ 31.00 ~~$ 45.00~~ (-31%)

4.8

54 reviews

Is There A Novelty Premium On New Financial Instruments The Argentine Experience With Gdpindexed Warrants 1st Edition Luca Antonio Ricci Marcos Chamon Alejo Costa instant download after payment.

Publisher: International Monetary Fund

File Extension: EPUB

File size: 1.1 MB

Pages: 42

Author: Luca Antonio Ricci; Marcos Chamon; Alejo Costa

ISBN: 9781451914238, 1451914237

Language: English

Year: 2008

Edition: 1

Product desciption

Is There A Novelty Premium On New Financial Instruments The Argentine Experience With Gdpindexed Warrants 1st Edition Luca Antonio Ricci Marcos Chamon Alejo Costa by Luca Antonio Ricci; Marcos Chamon; Alejo Costa 9781451914238, 1451914237 instant download after payment.

This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the expected net present value of payments, on the basis of various forecast assumptions. The results show that the residual premium paid by these warrants over standard bonds declined significantly by about 600 basis points between December 2005 and July 2007. This suggests that financial innovation may be associated with premia, which decay reasonably fast.