Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/12183

TitlePublic debt management and foreign currency denominated bonds
Author(s)Ceccacci, Silvia
Marchesiani, Alessandro
Pecchi, Lorenzo
KeywordsStability and growth pact
Government debt management
Foreign-currency denominated securities
Issue dateAug-2007
PublisherWorld Scientific Publishing
JournalInternational Journal of Theoretical and Applied Finance (ijtaf)
Citation"International Journal of Theoretical and Applied Finance (IJTAF)". ISSN 0129-0657. 10:5 (Aug. 2007) 763-770.
Abstract(s)Foreign-currency denominated securities are introduced in a stochastic model à la Missale (2001). 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
TypeArticle
URIhttp://hdl.handle.net/1822/12183
ISSN0129-0657
Publisher versionhttp://www.worldscinet.com/ijtaf/10/1005/S0219024907004469.html
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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