Public Debt Indexation and Denomination : The Case of Brazil /

The paper models the optimal debt management strategy of the public sector when issuing nominal, price-level-indexed and foreign-denominated debt securities. The model predicts that the variance of inflation, the size of the public debt, the variance of the real exchange rate, and the correlation of...

ver descrição completa

Detalhes bibliográficos
Autor principal: Goldfajn, Ilan
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1998.
coleção:IMF Working Papers; Working Paper ; No. 1998/018
Acesso em linha:Full text available on IMF