Table 3 - Debt Composition from Survey of Expectations
|
Risk No hedge |
Risk |
Risk+Cost |
Risk+Cost | |
|
Selic Rate |
0.88 |
-4.14 |
-1.80 |
0 |
|
Foreign Exchange |
027 |
0.73 |
-0.12 |
0.01 |
|
Price Index |
1.03 |
2.98 |
2.61 |
0.99 |
|
Fixed Rate |
-1.18 ~ |
1.43 ~ |
0.08 ' |
0 ~~ |
Notes: The debt composition is derived from equations (19)-(21).
23
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