Series: IMF Working Papers
Author(s): Khaled Hussein
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: emerging economies, cointegration, debt portfolio, currency composition, debt management, International Lending and Debt Problems,
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...