English, Article edition: PUBLIC DEBT MANAGEMENT AND FOREIGN CURRENCY DENOMINATED BONDS SILVIA CECCACCI; ALESSANDRO MARCHESIANI; LORENZO PECCHI

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Bookmark: http://trove.nla.gov.au/version/83155
Physical Description
  • article
Language
  • English

Edition details

Title
  • PUBLIC DEBT MANAGEMENT AND FOREIGN CURRENCY DENOMINATED BONDS
Author
  • SILVIA CECCACCI
  • ALESSANDRO MARCHESIANI
  • LORENZO PECCHI
Physical Description
  • article
Notes
  • Foreign-currency denominated securities are introduced in a stochastic model à la Missale [13]. It is shown that the percentage share of this bond type, as compared to total debt, is an increasing function of the covariance between the output and the rate of depreciation, but it may or may not be a decreasing function of the volatility of the rate of depreciation.
  • Stability and Growth Pact, government debt management, foreign-currency denominated securities
  • RePEc:wsi:ijtafx:v:10:y:2007:i:05:p:763-770
Language
  • English
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