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Behind the public debt structure

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Gilson, Nathalie [FUCAM]

(eng) The choice of the currency composition of public debt is modeled in a context of uncertainty about the inflationary preferences of the monetary authority. We explain that the currency composition of the public debt may convey important information relative to the inflationary attitude of the monetary authority. We also show that the recent evolution of the currency composition of public debts in EMU countries can be explained in the light of our theoretical results.

Document type Communication à un colloque (Conference Paper)
Publication date 2003
Language Anglais
Conference "Public Economic Theory, 4th annual Conference", Duke University
Affiliation Louvain School of Management - Accounting & Finance
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Bibliographic reference Gilson, Nathalie. Behind the public debt structure.Public Economic Theory, 4th annual Conference (Duke University).
Permanent URL http://hdl.handle.net/2078/18835