Add to ORKGThis paper surveys recent empirical evidence on the determinants of the currency composition of debt, and on the impact of exchange rate fluctuations on economic activity and investment when currency mismatches are present. Microeconomic evidence suggests that Latin American firms tend to match the composition of their debt with the currency composition of their income stream. At a macro level as well as at a micro one, evidence suggests that liability dollarization can reduce or possibly reverse the typical Mundell-Fleming result of expansionary devaluations
In this article the effect of real exchange rate movements over the investment of Brazilian firms wi...
We critically assess the recent empirical literature on the importance of dollar debt and balance-sh...
We examine the question of why a government would default on debt denominated in its own currency. U...
Much has been written recently about the problems for emerging markets that might result from a mism...
The fashionable analysis of financial crisis accentuates on the role of corporate debt composition b...
In this paper we study the interaction between macroeconomic environment and firms’ balance sheet ef...
The potential financial vulnerability that can occur when private sector or government agents acquir...
I explore an empirically robust but previously undocumented association between the foreign exchange...
This paper analyses the effect that the Asian crisis had on the currency composition of corporate de...
This working paper empirically and theoretically analyzes the exchange rate’s role in Mexico’s devel...
(do not quote, suggestion welcome) The fashionable analysis of financial crisis accentuates on the r...
In third generation currency crises models, balance sheet losses from currency depreciations propaga...
Using firm-level data, we find that a currency depreciation has two opposite effects on exports when...
We extend the Tasche (2007) model on the asset correlation bias caused by a currency mismatch betwee...
Using firm-level data, we find that a currency depreciation has two op-posite effects on exports whe...
In this article the effect of real exchange rate movements over the investment of Brazilian firms wi...
We critically assess the recent empirical literature on the importance of dollar debt and balance-sh...
We examine the question of why a government would default on debt denominated in its own currency. U...
Much has been written recently about the problems for emerging markets that might result from a mism...
The fashionable analysis of financial crisis accentuates on the role of corporate debt composition b...
In this paper we study the interaction between macroeconomic environment and firms’ balance sheet ef...
The potential financial vulnerability that can occur when private sector or government agents acquir...
I explore an empirically robust but previously undocumented association between the foreign exchange...
This paper analyses the effect that the Asian crisis had on the currency composition of corporate de...
This working paper empirically and theoretically analyzes the exchange rate’s role in Mexico’s devel...
(do not quote, suggestion welcome) The fashionable analysis of financial crisis accentuates on the r...
In third generation currency crises models, balance sheet losses from currency depreciations propaga...
Using firm-level data, we find that a currency depreciation has two opposite effects on exports when...
We extend the Tasche (2007) model on the asset correlation bias caused by a currency mismatch betwee...
Using firm-level data, we find that a currency depreciation has two op-posite effects on exports whe...
In this article the effect of real exchange rate movements over the investment of Brazilian firms wi...
We critically assess the recent empirical literature on the importance of dollar debt and balance-sh...
We examine the question of why a government would default on debt denominated in its own currency. U...