Public debt management and foreign currency denominated bonds
Foreign-currency denominated securities are introduced in a stochastic model à la Missale (2001). It is shown that the percentage share of this bond type, as compared to total debt, is an increasing function of the covariance between the output and the rate of depreciation, but it may or may not be...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2007
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1822/12183 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/12183 |