Series: IMF Policy Discussion Papers
Author(s): David Woo , and Simon Gray
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2000
Keywords: Debt management, Budget deficits, External financing, foreign currency denominated sovereign debt, foreign currency, domestic currency, exchange rate, foreign exchange, foreign investors
The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the “received wisdom” regarding the benefits of...