Publications
Publications
- January 2004 (Revised August 2004)
- HBS Case Collection
Innovation at the Treasury: Treasury Inflation-Protection Securities (B)
By: Kenneth A. Froot, Peter A. Hecht and Christopher Edward James Payton
Abstract
In 1997, the U.S. Treasury was deciding whether to proceed with a proposal to issue inflation-indexed bonds. This case explores the challenges facing innovation in the financial markets as the Treasury tries to determine whether to introduce Treasury Inflation-Protection Securities.
Keywords
Inflation; Innovation; Federal Government; Securities; Financial Instruments; Inflation and Deflation; Financial Markets; Government and Politics; Financial Institutions; Innovation and Invention; United States
Citation
Froot, Kenneth A., Peter A. Hecht, and Christopher Edward James Payton. "Innovation at the Treasury: Treasury Inflation-Protection Securities (B)." Harvard Business School Supplement 204-113, January 2004. (Revised August 2004.)