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Les obligations indexées sur le PIB : quels bénéfices pour les émetteurs, les investisseurs et la stabilité financière internationale ?

Author

Listed:
  • CABRILLAC, B.
  • GAUVIN, L.
  • GOSSÉ, L.

Abstract

Après avoir analysé les avantages et les inconvénients des obligations indexées sur le PIB, les auteurs identifient un intérêt général à développer ce type de produits. Ils en évaluent les bénéfices potentiels pour les pays émetteurs et les investisseurs, déterminant une liste de pays pour lesquels ces gains sont les plus élevés.

Suggested Citation

  • Cabrillac, B. & Gauvin, L. & Gossé, L., 2016. "Les obligations indexées sur le PIB : quels bénéfices pour les émetteurs, les investisseurs et la stabilité financière internationale ?," Bulletin de la Banque de France, Banque de France, issue 208, pages 5-20.
    • Handle: RePEc:bfr:bullbf:2016:208:01
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    obligations indexées au PIB; dette souveraine; titres contingents;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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