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In this work I analyze the model proposed by Goldfajn (2000) to study the choice of the denomination of the public debt. The main purpose of the analysis is pointing out possible reasons why new em pirical evidence provided by Bevilaqua, Garcia and Nechio (2004), regarding a more recent time...
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last decade. In particular, it explains the large increase of indexed public debt in Brazil prior to the 1994 Real plan and …
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