Fisera, Boris; Menbere Workie Tiruneh; Hojdan, David - 2021
We investigate the long-term effect of domestic currency depreciation on the external debt for a panel of 41 emerging … economies over the years 1999-2019. Using heterogenous panel cointegration methods, we find that domestic currency depreciation … debt burden following domestic currency depreciation. We also find that higher exchange rate volatility and the use of …