Gilson, Natacha; Gérard, Marcel - In: IFO-Studien : Zeitschrift für empirische … 48 (2002) 2, pp. 301-321
We analyze the consequences of the creation of EMU on the currency composition of public debts and compare this situation with the pre-EMU one in which an anchor country (Germany) was leading the monetary policy of the ERM. Empirical evidence shows that the foreign currency public debt of some...