The Role of Foreign Currency Debt in Public Debt Management

Author/Editor:

International Monetary Fund

Publication Date:

February 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes the choice between public debt denominated in domestic currency and foreign currency in the context of public debt management theories. It discusses the experience of Belgium, Denmark, Ireland, Italy, New Zealand and Sweden and relates it to the theoretical arguments in favor or against the Issuance of foreign currency debt.

Series:

Working Paper No. 95/21

Subject:

English

Publication Date:

February 1, 1995

ISBN/ISSN:

9781451843880/1018-5941

Stock No:

WPIEA0211995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

38

Please address any questions about this title to publications@imf.org