Optimal Currency Composition of Foreign Debt: The Case of Five Developing Countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Many developing countries lack access to future and option markets to hedge the enormous risks arising from the currency exposure of their foreign debt. And even if these markets are accessible, their maturities are often too short compared to the maturities of long-term debt. The important hedging instrument available for any country, however, is...
