Search Results - subject:"liability dollarisation"

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Corporate sector currency mismatch in Hungary

Endrész, Marianna; Gyöngyösi, Gyõzõ; Harasztosi, Péter - In: MNB Bulletin 8 (2013) 2, pp. 12-20

Our analysis of micro data shows that the size of unhedged foreign currency lending has become significant not just in the household sector, but in the corporate sector as well. The weight of foreign currency debtors without net foreign currency income was significant prior to the crisis. During...

Persistent link: https://www.econbiz.de/10010898286

Currency mismatch and the sub-prime crisis: firm-level stylised facts from Hungary

Endrész, Mariann; Gyöngyösi, Gyõzõ; Harasztosi, Péter - Magyar Nemzeti Bank (MNB) - 2012

This paper investigates currency mismatch in the Hungarian corporate sector. Using a novel dataset on non-financial firms we first identify firms with mismatch, measure their weight in the economy and show their main characteristics. We then analyze the performance of firms during the crisis. We...

Persistent link: https://www.econbiz.de/10010854257

Currency mismatch and the sub-prime crisis: Firm-level stylised facts from Hungary

Endrész, Mariann; Gyöngyösi, Győző; Harasztosi, Péter - 2012

This paper investigates currency mismatch in the Hungarian corporate sector. Using a novel dataset on non-financial firms we first identify firms with mismatch, measure their weight in the economy and show their main characteristics. We then a analyze the performance of firms during the crisis....

Persistent link: https://www.econbiz.de/10010322474

Currency Crises and Monetary Policy in Economies with Partial Dollarisation of Liabilities

Flaschel, Peter; Proaño, Christian; Semmler, Willi - 2006

The right response to a speculative attack on the domestic currency by monetary authorities in a country with liabilities in US dollars has been a matter of hot debate among academics and policy makers especially after the East Asian Crisis. Using a modified version of the currency crisis model...

Persistent link: https://www.econbiz.de/10010460440

Corporate Sector Financial Structure in Turkey : A Descriptive Analysis

Aydin, Halil Ibrahim; Kaplan, Cafer; Kesriyeli, Mehtap; … - Türkiye Cumhuriyet Merkez Bankası - 2006

This paper presents and discusses some stylised facts of the corporate sector financial structure in Turkey using the Company Sector Accounts compiled by the Central Bank of the Republic of Turkey (CBRT). The findings of the paper suggest that non-financial firms in Turkey have been heavily...

Persistent link: https://www.econbiz.de/10005689761

Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey

Kesriyeli, Mehtap; Ozmen, Erdal; Yigit, Serkan - Türkiye Cumhuriyet Merkez Bankası - 2005

This paper investigates the causes and balance sheet effect consequences of the liability dollarisation of non … corporate sector liability dollarisation. Firms are found to match only partially the currency composition of their debt with … investments and profits, for sectors with higher liability dollarisation. Macroeconomic instability, as proxied by budget deficits …

Persistent link: https://www.econbiz.de/10005667264

Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey

Kesriyeli, Mehtap; Ozmen, Erdal; Yigit, Serkan - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2005

Persistent link: https://www.econbiz.de/10005687803