Sandleris, Guido; Sapriza, Horacio; Taddei, Filippo - Escuela de Negocios, Universidad Torcuato Di Tella - 2009
A number of countries have issued sovereign debt instruments indexed to real variables in recent years. This type of contracts could improve risk sharing between debtor countries and international creditors and diminish the probability of occurrence of debt crises. This paper characterizes the...