Gdp-linked loans and loan restructuring for Greece

Here is a new paper by Fratzscher, Steffen, and Rieth (pdf), advocating gdp-linked loans for Greece.

Here are older proposals for gdp-indexed bonds (pdf).  Scott Sumner comments on the new Greek proposal.  Here is an IMF paper on the topic (pdf).  Greece already issues some gdp-linked warrants.  Here is Argentina fudging its gdp stats to save on its gdp-indexed bonds.  Here is more on related disputes.

p.s. they are not going to do it.


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