Rondeau, Sebastián - 2007
-American governments
issued bonds in domestic currency in the international markets.5 However, the bulk of
external public debt in Latin …,
deflacted by the USA CPI inflation for the period 1980:2003. Market debt int. rate was calculat ed
as the USA T 10 bo nd int ra … both o� cial and market
debt. RER was measured as the bilateral real exchange rate of each country against USA,
using the …