Debauchery and Original Sin: The Currency Composition of Sovereign Debt
NBER Working Paper No. 24671
---- Acknowledgments ----
JungJae Park is grateful for the financial support from the Ministry of Education of Singapore. This paper has been benefited from comments at numerous conferences and seminars. We thank Manuel Amador, Yan Bai, Javier Bianchi, Galina Hale, Dmitry Mukhin, and Pablo Ottonello for comments and discussion. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.