The Role of Foreign Currency Debt in Public Debt Management
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. 1995/021
Subject:
Currencies Expenditure External debt Foreign currency debt Foreign exchange Government debt management Money Public debt Public financial management (PFM)
English
Publication Date:
February 1, 1995
ISBN/ISSN:
9781451843880/1018-5941
Stock No:
WPIEA0211995
Pages:
38
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