Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt
Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt
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London: Palgrave Macmillan UK
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Language
English
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Publisher
London: Palgrave Macmillan UK
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Scope and Contents
Contents
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities. Unanticipated inflation dilutes the real value of these liabilities. We estimate this dilution to study the consequences of the recent US inflation shock on debt burdens. The US Treasury, the largest issuer of do...
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Full title
Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt
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TN_cdi_gale_infotracmisc_A822255540
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotracmisc_A822255540
Other Identifiers
ISSN
2041-4161
E-ISSN
2041-417X
DOI
10.1057/s41308-023-00220-z
