Analysts often argue that a country cannot default on its local currency bonds because it has the

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Analysts often argue that a country cannot default on its local currency bonds because it has the power to print more currency to pay off its debt. Explain why this argument is incorrect.

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Investment Risk Management

ISBN: 9780199331963

1st Edition

Authors: H. Kent Baker, Greg Filbeck

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Question Posted: Dec 07, 2023 03:47 AM

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Analysts often argue that a country cannot default on its local currency bonds because it has the

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Investment Risk Management

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