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...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1998.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1998/018 |
| 在線閱讀: | Full text available on IMF |