The Resource Optimal Currency Composition of Foreign Debt : The Case of Five Developing Countries, Pier Giorgio Gawronski, (electronic book:)

Optimal Currency Composition of Foreign Debt : The Case of Five Developing Countries, Pier Giorgio Gawronski, (electronic book:)

Label
Optimal Currency Composition of Foreign Debt : The Case of Five Developing Countries
Title
Optimal Currency Composition of Foreign Debt
Title remainder
The Case of Five Developing Countries
Statement of responsibility
Pier Giorgio Gawronski
Creator
Subject
Language
eng
Summary
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 the currency mix of foreign debt itself. This paper provides a theory for the optimal currency composition of foreign debt for market constrained developing countries. It also develops the empirical methodology to determine the optimal currency mix which is then applied. Applying the method to Brazil, Indonesia, Mexico, the Philippines and South Korea, the optimal mix is compared to alternative currency compositions, both in terms of foreign exchange gains and losses as well as variability of balance of payments flows ..
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Gawronski, Pier Giorgio
Government publication
international or intergovernmental publication
Literary form
non fiction
Nature of contents
dictionaries
Series statement
OECD Development Centre Working Papers,
Series volume
no.23
http://library.link/vocab/subjectName
Development
Label
Optimal Currency Composition of Foreign Debt : The Case of Five Developing Countries, Pier Giorgio Gawronski, (electronic book:)
Instantiates
Publication
Antecedent source
not applicable
Control code
021451754503
Dimensions
21 x 29.7cm.
Extent
67 p.
File format
multiple file formats
Form of item
online
Specific material designation
remote
System control number
(FR-PaOEC)
Label
Optimal Currency Composition of Foreign Debt : The Case of Five Developing Countries, Pier Giorgio Gawronski, (electronic book:)
Publication
Antecedent source
not applicable
Control code
021451754503
Dimensions
21 x 29.7cm.
Extent
67 p.
File format
multiple file formats
Form of item
online
Specific material designation
remote
System control number
(FR-PaOEC)

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