Mehl, Arnaud; Reynaud, Julien - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency … new large dataset compiled from national sources for 33 emerging economies over 1994-2006. The paper finds that economic … make domestic debt compositions in emerging economies safer. Given local bond markets' rapid development, monitoring risky …