"27510" . "127058" . "1"^^ . "2" . . . "P(GAP402/10/1046)" . . . "developing countries; external shocks; exchange rates, exchange rate volatility; foreign-currency debt; sovereign debt management"@en . . "Choosing The Currency Structure Of Foreign-Currency Debt: A Review Of Policy Approaches" . "1"^^ . "Choosing The Currency Structure Of Foreign-Currency Debt: A Review Of Policy Approaches"@en . . . "[D35C2CB1624B]" . "19"^^ . "US - Spojen\u00E9 st\u00E1ty americk\u00E9" . . "Journal of International Development" . . . "24" . "Starting from the constraints and incentives that cause countries to issue debt in foreign currency, this paper provides an overview of policy approaches for choosing the optimal currency structure of sovereign foreign-currency debt. The objective of sovereign debt managers generally includes both risk and cost minimisation, while constraints to foreign currency debt allocation originate in the parameters of the domestic macroeconomy, the shocks it faces and the initial conditions. Overall, the main parameters that drive the solutions for optimal currency allocation of foreign-currency debt are the covariances of macrovariables with exchange rates and the variances of different exchange rates."@en . "0954-1748" . . "10.1002/jid.1711" . "RIV/61989100:27510/12:86082894!RIV13-GA0-27510___" . . "Meleck\u00FD, Martin" . . . . . "Choosing The Currency Structure Of Foreign-Currency Debt: A Review Of Policy Approaches" . . "RIV/61989100:27510/12:86082894" . "000300674700001" . . . "Starting from the constraints and incentives that cause countries to issue debt in foreign currency, this paper provides an overview of policy approaches for choosing the optimal currency structure of sovereign foreign-currency debt. The objective of sovereign debt managers generally includes both risk and cost minimisation, while constraints to foreign currency debt allocation originate in the parameters of the domestic macroeconomy, the shocks it faces and the initial conditions. Overall, the main parameters that drive the solutions for optimal currency allocation of foreign-currency debt are the covariances of macrovariables with exchange rates and the variances of different exchange rates." . "Choosing The Currency Structure Of Foreign-Currency Debt: A Review Of Policy Approaches"@en .