Does reserve accumulation lead to higher currency-risk taking in the corporate sector? Firm-level evidence for Latin America

I explore an empirically robust but previously undocumented association between the foreign exchange re- serves accumulated by central banks of emerging market economies and dollar-denominated debt held in the balance sheets of non financial sector firms. Borrowing in dollars can have damaging e

MoreLess

Year of publication:	2010-11
Authors:	Sengupta, Rajeswari
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Foreign exchange reserves \| foreign currency denominated debt \| corporate risk-taking \| currency depreciation

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; F3 - International Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011112094