The goal of Long Term Debt is to play an important role in the financial landscape of businesses and governments. It serves as a financial tool that allows them to achieve their goals by providing access to large funds over an extended period

This paper studies how the currency composition of public debt affects debt sustainability in developing countries. We show empirically that the debt-to-GDP ratio tends to grow at a faster rate when countries with a high share of foreign currency debt face a currency depreciation. The paper also...