Search Results - subject:"FOREIGN CURRENCY"

Global corporate debt during crises : implications of switching borrowing across markets

Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L. - In: Journal of international economics 131 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10013167886

In lands of foreign currency credit, bank lending channels run through?

Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - 2017

currencies. Accessing a comprehensive supervisory dataset from Hungary, we find that the supply of bank credit in a foreign … currency is less sensitive to changes in domestic monetary conditions than the equivalent supply in the domestic currency …

Persistent link: https://www.econbiz.de/10011942847

Corporate currency risk and hedging in Chile: Real and financial effects

Álvarez Espinoza, Roberto; Hansen, Erwin - 2017

built to analyze the determinants of the use of foreign currency debt and their potential consequences for firm investment … of foreign currency debt. Also, depending on the estimation method, exports appear as an important determinant of the use … of foreign currency debt. In terms of the potential effect of holding foreign currency debt on firms' performance after …

Persistent link: https://www.econbiz.de/10011786397

Currency mismatch in the banking sector in Latin America and the Caribbean

Tobal, Martín - 2017

. I observe a reduction in long foreign currency positions, with several banking sectors taking short positions after 2006 …

Persistent link: https://www.econbiz.de/10011788952

Prudential regulation, currency mismatches and exchange rates in Latin America and the Caribbean

Tobal, Martín - 2017

This paper gathers and systemizes self-reported information about exchange rate flexibility and FX regulation in Latin America and the Caribbean for a period of twenty years beginning in 1992. The results show that, in countries in which the use of limits, liquidity and reserve requirements on...

Persistent link: https://www.econbiz.de/10011788968

Debt overhang and the macroeconmics of carry trade

van Wijnbergen, Sweder J.G.; Jakucionyte, Egle - 2017

The depreciation of the Hungarian forint in 2009 left Hungarian borrowers with a skyrocketing value of foreign currency …

Persistent link: https://www.econbiz.de/10011586730

Conversion of Foreign Currency Loans in the CEECs

Novák, Zsuzsanna; Vámos, Imre - 2017

Between 2004 and 2008 low-interest foreign currency based loans, and above all household loans, became more and more …

Persistent link: https://www.econbiz.de/10011920377

Currency Matters : Analyzing International Bond Portfolios

Burger, John D. - 2017

Currency denomination is a prominent feature in the analysis of the structure of international bond markets, but is largely absent from analyses of cross-border investment in debt securities. This omission owes in part to the limitations of widely used datasets such as the IMF's CPIS data (on...

Persistent link: https://www.econbiz.de/10012962726

Econometric Identification of Foreign Exchange Options Volatility Surfaces Recovering Foreign Exchange Option Prices from Spot Price Dynamics

Cook, Julian - 2017

Over-the-counter foreign exchange options (OTC-FXOs) are the fourth largest derivatives market in the world. However, the extant literature on their pricing is noticeably thin. We propose a new discrete time exponential-affine multi-factor model, with multiple estimation strategies and pricing...

Persistent link: https://www.econbiz.de/10012967538

Bond Convenience Yields and Exchange Rate Dynamics

Valchev, Rosen - 2017

I propose a new explanation for the failure of Uncovered Interest Parity (UIP) that can rationalize not only the classic UIP puzzle, but also the evidence that the puzzle reverses direction at longer horizons. In the model, excess currency returns arise as compensation for endogenous...

Persistent link: https://www.econbiz.de/10012969679