Creative Debt Hedging: The Case for Redemption?

Markets

Creative Debt Hedging: The Case for Redemption?

Download PDF In the previous article of our series, we highlighted the questionable use of cross currency swaps and concluded that this kind of window dressing techniques are a manifestation of the larger issue of problematic debt management on the sovereign entity scale. In this article, we delve deeper into Read more…

By BSIC, 3 years3 years ago

Markets

Creative Debt Hedging: Cross-Currency Swaps in the Greek and Italian Cases

Download PDF There’s a Yiddish proverb fittingly saying: “interest on debts can grow without rain”. How can this be? In an ultra-low-rate environment, debt has become ubiquitous to sail through the COVID-19 pandemic and so has the fear related to its sustainability. Countries have taken the center stage in the Read more…

By BSIC, 3 years3 years ago

GDP-linked bonds

Markets