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On the Non-existence of Privately Issued Index Bonds in the United States Capital Market

In: Inflation Theory and Anti-Inflation Policy

Author

Listed:
  • Stanley Fischer

    (Massachusetts Institute Of Technology)

Abstract

‘Why, if both borrower and lender benefit from them, [does] an index loan market… not develop spontaneously and without any government initiative’? This question, asked by Professor Arvidsson at the I.E.A. conference on inflation in 1962, 2 provides the major theme for the present paper which pursues in some detail possible reasons for the non-existence of privately issued index bonds in the United States.

Suggested Citation

  • Stanley Fischer, 1977. "On the Non-existence of Privately Issued Index Bonds in the United States Capital Market," International Economic Association Series, in: Erik Lundberg (ed.), Inflation Theory and Anti-Inflation Policy, chapter 20, pages 502-529, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-03260-0_20
    DOI: 10.1007/978-1-349-03260-0_20
    as

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