GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:17 May 16, 2003 |
English to Croatian translations [PRO] Bus/Financial / Ekonomija | |||||||
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| Selected response from: Vesna Zivcic Local time: 16:35 | ||||||
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Summary of answers provided | ||||
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4 +1 | indeksiranje duga |
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indeksiranje duga Explanation: indeksiranje duga U Englesko-hrvatskom poslovnom rječniku postoji termin "indexed debt" - indeksirani dug. "Indexed debt protects people against the risk of inflation by tying debt payments to inflation. In January 1997, for the first time in U.S. history, the U.S. Treasury, following the example of many other countries, introduced indexed federal government debt: the Treasury Inflation Protection Securities program(TIPS). TIPS represents a significant financial innovation, but even though public acceptance has been described as encouraging relative to expectations, the public actually has purchased very little of these new securities, amounting to roughly 0.5 percent of the U.S. federal debt. Other countries' experiences indicate that the public is often only marginally interested in purchasing indexed debt, even in times of high inflation." "Indexed debt cannot be inflated away, and such debt shifts the risks of inflation onto the issuer (government) as opposed to the debt holder.[14] ..." Reference: http://www.nber.org/reporter/spring98/shiller_spring98.html Reference: http://www.house.gov/jec/fed/fed/lessons.htm |
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