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, significant number of central banks in the world tended to place part of the foreign exchange reserves into fixed income … gold, the role of the dollar as a currency which serves as means for value maintenance, started to decrease. Therefore, the …
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Total public debt in most emerging markets grew before and after the pandemic with a sizable share in foreign currency. Along this trend, interest payments increased even in the presence of active fiscal rules in some countries. How should debt management of public debt be set under a fiscal...
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