Country A holds Country B's bonds, denominated in B's currency.
Country B inflates. Supposedly causes losses for Country A and every other country with similar holdings, while causing gains for country B.
I think it had a French name.
Thanks.
(edit) it could be the name of the losses / gains to the country, and not the name of the risk... sorry
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that's exchange rate risk, bro.
visse's
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