Is Foreign Debt Portfolio Management Efficient in Emerging Economies? /
This paper develops a simple model of foreign debt portfolio management. The model suggests that, under mild conditions, the currency composition of a country's foreign debt portfolio is responsive to exchange rate movements. Empirical evidence is provided for a panel of 14 emerging economies i...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2001/121 |
| Acesso em linha: | Full text available on IMF |