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Commodity Bonds with Put Options for Consumption Smoothing by Commodity-Dependent Exporters

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  • Newbery, David M.G.
  • Wright, Brian D.

Abstract

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Suggested Citation

  • Newbery, David M.G. & Wright, Brian D., 1989. "Commodity Bonds with Put Options for Consumption Smoothing by Commodity-Dependent Exporters," CUDARE Working Papers 198500, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:198500
    DOI: 10.22004/ag.econ.198500
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    File URL: https://ageconsearch.umn.edu/record/198500/files/agecon-cal-519.pdf
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    References listed on IDEAS

    as
    1. Schwartz, Eduardo S, 1982. "The Pricing of Commodity-Linked Bonds," Journal of Finance, American Finance Association, vol. 37(2), pages 525-539, May.
    2. Bulow, Jeremy & Rogoff, Kenneth, 1989. "A Constant Recontracting Model of Sovereign Debt," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 155-178, February.
    3. Jonathan Eaton & Mark Gersovitz & Joseph E. Stiglitz, 1991. "The Pure Theory of Country Risk," NBER Chapters, in: International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, pages 391-435, National Bureau of Economic Research, Inc.
    4. Carr, Peter, 1987. "A Note on the Pricing of Commodity-Linked Bonds," Journal of Finance, American Finance Association, vol. 42(4), pages 1071-1076, September.
    5. Feder, Gershon & Just, Richard E., 1977. "A study of debt servicing capacity applying logit analysis," Journal of Development Economics, Elsevier, vol. 4(1), pages 25-38, February.
    6. Worrall, Tim, 1990. "Debt with potential repudiation," European Economic Review, Elsevier, vol. 34(5), pages 1099-1109, July.
    7. Lessard, Donald R., 1987. "Recapitalizing the third world : toward a new vision of commercial financing for less developed countries," Working papers 1946-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    8. Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 289-309.
    9. Barry Eichengreen, 1987. "Til Debt Do Us Part: The U.S. Capital Market and Foreign Lending, 1920-1955," NBER Working Papers 2394, National Bureau of Economic Research, Inc.
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