经济CME板块原版书习题第25小问，材料：Bader and her research assistant discuss the composition of each country’s currency portfolio and the potential for triggering a crisis. Bader notes that some flows and holdings are more or less supportive of the currency, stating that investments in private equity make up the majority of Country A’s currency portfolio, investments in public equity make up the majority of Country B’s currency portfolio, and investments in public debt make up the majority of Country C’s currency portfolio. 问哪个国家最有可能发生potential crisis（此处的风险根据文境是指外汇风险，即对货币汇率的影响）？ 答案是country C。求问为啥公募债券比权益风险大。答案解释没看明白： Public debt makes up the majority of Country C’s currency portfolio,
which is the least supportive flow (or holding) to a currency. Public debt is less
supportive because it has to be serviced and must be either repaid or refinanced,
potentially triggering a crisis. Some types of flows and holdings are considered to
be more or less supportive of the currency. Investments in private equity repre
sent long-term capital committed to the market and are most supportive of the
currency. Public equity would likely be considered the next most supportive of
the currency. Debt investments are the least supportive of the currency.
