Yeyati, Eduardo Levy; Schargrodsky, Ernesto; Galiani, … - Escuela de Negocios, Universidad Torcuato Di Tella - 2003
In the late currency board years, Argentina faced a real exchange rate adjustment through price deflation amidst growing devaluation expectations. Using a firm-level panel database to analyze the incidence of these factors on the currency composition of private debt and on firms’ performance,...