Foreign Currency Loans and Credit Risk: Evidence from U.S. Banks
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Friederike Niepmann & Tim Schmidt-Eisenlohr, 2017. "Foreign Currency Loans and Credit Risk: Evidence from U.S. Banks," CESifo Working Paper Series 6700, CESifo.
References listed on IDEAS
- Peter J. Klenow & Oleksiy Kryvtsov, 2008.
"State-Dependent or Time-Dependent Pricing: Does it Matter for Recent U.S. Inflation?,"
The Quarterly Journal of Economics, Oxford University Press, vol. 123(3), pages 863-904.
- Oleksiy Kryvtsov & Peter J. Klenow, 2004. "State-Dependent or Time-Dependent Pricing: Does It Matter For Recent U.S. Inflation?," Computing in Economics and Finance 2004 277, Society for Computational Economics.
- Peter J. Klenow & Oleksiy Kryvtsov, 2007. "State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?," Discussion Papers 07-007, Stanford Institute for Economic Policy Research.
- Peter J. Klenow & Oleksiy Kryvtsov, 2005. "State-Dependent or Time-Dependent Pricing: Does it Matter for Recent U.S. Inflation?," NBER Working Papers 11043, National Bureau of Economic Research, Inc.
- Peter J. Klenow & Oleksiy Kryvtsov, 2005. "State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?," Staff Working Papers 05-4, Bank of Canada.
- Martin Eichenbaum & Charles L. Evans, 1995. "Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 975-1009.
- Ricardo J. Caballero & Arvind Krishnamurthy, 2003. "Excessive Dollar Debt: Financial Development and Underinsurance," Journal of Finance, American Finance Association, vol. 58(2), pages 867-893, April.
- Martin Brown & Karolin Kirschenmann & Steven Ongena, 2014. "Bank Funding, Securitization, and Loan Terms: Evidence from Foreign Currency Lending," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(7), pages 1501-1534, October.
- Eduardo Levy Yeyati, 2003. "Financial Dedollarization: A Carrot and Stick Approach," Business School Working Papers nueve, Universidad Torcuato Di Tella.
- Benavente, Jose Miguel & Johnson, Christian A. & Morande, Felipe G., 2003. "Debt composition and balance sheet effects of exchange rate depreciations: a firm-level analysis for Chile," Emerging Markets Review, Elsevier, vol. 4(4), pages 397-416, December.
- Bonomo, Marco & Martins, Betina & Pinto, Rodrigo, 2003.
"Debt composition and exchange rate balance sheet effect in Brazil: a firm level analysis,"
Emerging Markets Review, Elsevier, vol. 4(4), pages 368-396, December.
- Martins, Betina Guimarães Dodsworth & Pinto, Rodrigo Ribeiro Antunes & Bonomo, Marco Antônio Cesar, 2004. "Debt composition and exchange rate balance sheet effects in Brazil: a firm level analysis," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 535, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Giovanni Dell'Ariccia & Luc Laeven & Gustavo A. Suarez, 2017.
"Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States,"
Journal of Finance, American Finance Association, vol. 72(2), pages 613-654, April.
- Giovanni Dell'Ariccia & Luc Laeven & Gustavo Suarez, 2013. "Bank Leverage and Monetary Policy's Risk-Taking Channel; Evidence from the United States," IMF Working Papers 2013/143, International Monetary Fund.
- DellAriccia, Giovanni & Laeven, Luc & Suarez, Gustavo, 2016. "Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States," CEPR Discussion Papers 11230, C.E.P.R. Discussion Papers.
- Laeven, Luc & Dell’Ariccia, Giovanni & Suarez, Gustavo A., 2016. "Bank leverage and monetary policy's risk-taking channel: evidence from the United States," Working Paper Series 1903, European Central Bank.
- Aguiar, Mark, 2005. "Investment, devaluation, and foreign currency exposure: The case of Mexico," Journal of Development Economics, Elsevier, vol. 78(1), pages 95-113, October.
- Mora, Nada & Neaime, Simon & Aintablian, Sebouh, 2013. "Foreign currency borrowing by small firms in emerging markets: When domestic banks intermediate dollars," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 1093-1107.
- Sebnem Kalemli-Ozcan & Herman Kamil & Carolina Villegas-Sanchez, 2016.
"What Hinders Investment in the Aftermath of Financial Crises: Insolvent Firms or Illiquid Banks?,"
The Review of Economics and Statistics, MIT Press, vol. 98(4), pages 756-769, October.
- Sebnem Kalemli-Ozcan & Herman Kamil & Carolina Villegas-Sanchez, 2010. "What Hinders Investment in the Aftermath of Financial Crises: Insolvent Firms or Illiquid Banks?," NBER Working Papers 16528, National Bureau of Economic Research, Inc.
- Kalemli-Ozcan, Sebnem & Kamil, Herman & Villegas-Sanchez, Carolina, 2011. "What Hinders Investment in the Aftermath of Financial Crises: Insolvent Firms or Illiquid Banks?," CEPR Discussion Papers 8543, C.E.P.R. Discussion Papers.
- Liliana Varela & Juliana Salomao, 2016.
"Exchange Rate Exposure and Firm Dynamics,"
Working Papers
2016-278-05, Department of Economics, University of Houston.
- Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CAGE Online Working Paper Series 364, Competitive Advantage in the Global Economy (CAGE).
- Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CEPR Discussion Papers 12654, C.E.P.R. Discussion Papers.
- Varela, Liliana & Salomao, Juliana, 2018. "Exchange Rate Exposure and Firm Dynamics," The Warwick Economics Research Paper Series (TWERPS) 1157, University of Warwick, Department of Economics.
- Juliana Salomao & Liliana Varela, 2018. "Exchange Rate Exposure and Firm Dynamics," 2018 Meeting Papers 523, Society for Economic Dynamics.
- Matti Keloharju & Mervi Niskanen, 2001. "Why Do Firms Raise Foreign Currency Denominated Debt? Evidence from Finland," European Financial Management, European Financial Management Association, vol. 7(4), pages 481-496, December.
- Pratap, Sangeeta & Lobato, Ignacio & Somuano, Alejandro, 2003.
"Debt composition and balance sheet effects of exchange rate volatility in Mexico: a firm level analysis,"
Emerging Markets Review, Elsevier, vol. 4(4), pages 450-471, December.
- Ignacio Lobato & Sangeeta Pratap & Alejandro Somuano, 2004. "Debt Composition and Balance Sheet Effects of Exchange Rate Volatility in Mexico: A Firm Level Analysis," Working Papers 0405, Centro de Investigacion Economica, ITAM.
- George Allayannis & Gregory W. Brown & Leora F. Klapper, 2003. "Capital Structure and Financial Risk: Evidence from Foreign Debt Use in East Asia," Journal of Finance, American Finance Association, vol. 58(6), pages 2667-2710, December.
- Aghion, Philippe & Bacchetta, Philippe & Banerjee, Abhijit, 2001.
"Currency crises and monetary policy in an economy with credit constraints,"
European Economic Review, Elsevier, vol. 45(7), pages 1121-1150.
- Philippe Aghion & Philippe Bacchetta & Abhijit Banerjee, 2000. "Currency Crises and Monetary Policy in an Economy with Credit Constraints," Working Papers 00.07, Swiss National Bank, Study Center Gerzensee.
- Banerjee, Abhijit & Bacchetta, Philippe & Aghion, Philippe, 2001. "Currency Crises and Monetary Policy in an Economy with Credit Constraints," Scholarly Articles 4554218, Harvard University Department of Economics.
- Aghion, Philippe & Bacchetta, Philippe & Banerjee, Abhijit, 2000. "Currency Crises and Monetary Policy in an Economy with Credit Constraints," CEPR Discussion Papers 2529, C.E.P.R. Discussion Papers.
- Kevin Cowan & Erwin Hansen & Luis Oscar Herrera, 2005.
"Currency Mismatches, Balance-Sheet Effects and Hedging in Chilean Non-Financial Corporations,"
Research Department Publications
4387, Inter-American Development Bank, Research Department.
- Cowan, Kevin & Hansen, Erwin & Herrera, Luis Oscar, 2011. "Currency Mismatches, Balance-Sheet Effects and Hedging in Chilean Non-Financial Corporations," IDB Publications (Working Papers) 1920, Inter-American Development Bank.
- Kevin Cowan & Erwin Hansen & Luis Oscar Herrera, 2005. "Currency Mismatches, Balance Sheet Effects and Hedging in Chilean non-Financial Corporations," Working Papers Central Bank of Chile 346, Central Bank of Chile.
- Ize, Alain & Yeyati, Eduardo Levy, 2003. "Financial dollarization," Journal of International Economics, Elsevier, vol. 59(2), pages 323-347, March.
- Bruno, Valentina & Shin, Hyun Song, 2015.
"Capital flows and the risk-taking channel of monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 71(C), pages 119-132.
- Valentina Bruno & Hyun Song Shin, 2012. "Capital Flows and the Risk-Taking Channel of Monetary Policy," BIS Working Papers 400, Bank for International Settlements.
- Valentina Bruno & Hyun Song Shin, 2013. "Capital Flows and the Risk-Taking Channel of Monetary Policy," NBER Working Papers 18942, National Bureau of Economic Research, Inc.
- Rustom M. Irani & Rajkamal Iyer & Ralf R. Meisenzahl & José-Luis Peydró, 2018.
"The rise of shadow banking: evidence from capital regulation,"
Economics Working Papers
1652, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2020.
- Rustom M. Irani & Rajkamal Iyer & Ralf R. Meisenzahl & José-Luis Peydró, 2019. "The Rise of Shadow Banking: Evidence from Capital Regulation," Working Papers 1098, Barcelona Graduate School of Economics.
- Irani, Rustom M & Iyer, Rajkamal & Meisenzahl, Ralf & Peydró, José Luis, 2018. "The Rise of Shadow Banking: Evidence from Capital Regulation," CEPR Discussion Papers 12913, C.E.P.R. Discussion Papers.
- Rustom M. Irani & Rajkamal Iyer & Ralf R. Meisenzahl & Jose Luis Peydro, 2018. "The Rise of Shadow Banking : Evidence from Capital Regulation," Finance and Economics Discussion Series 2018-039, Board of Governors of the Federal Reserve System (U.S.).
- Irani, Rustom & Iyer, Rajkamal & Peydró, José-Luis & Meisenzahl, Ralf, 2020. "The Rise of Shadow Banking: Evidence from Capital Regulation," EconStor Preprints 216799, ZBW - Leibniz Information Centre for Economics.
- Carranza, Luis J. & Cayo, Juan M. & Galdon-Sanchez, Jose E., 2003.
"Exchange rate volatility and economic performance in Peru: a firm level analysis,"
Emerging Markets Review, Elsevier, vol. 4(4), pages 472-496, December.
- Luis Carranza & Juan M. Cayo & José E. Galdón-Sánchez, 2003. "Exchange Rate Volatility and Economic Performance in Peru: A Firm Level Analysis," Faculty Working Papers 12/03, School of Economics and Business Administration, University of Navarra.
- Cushman, David O. & Zha, Tao, 1997.
"Identifying monetary policy in a small open economy under flexible exchange rates,"
Journal of Monetary Economics, Elsevier, vol. 39(3), pages 433-448, August.
- David O. Cushman & Tao Zha, 1995. "Identifying monetary policy in a small open economy under flexible exchange rates," FRB Atlanta Working Paper 95-7, Federal Reserve Bank of Atlanta.
- Stefan Avdjiev & Wenxin Du & Cathérine Koch & Hyun Song Shin, 2019.
"The Dollar, Bank Leverage, and Deviations from Covered Interest Parity,"
American Economic Review: Insights, American Economic Association, vol. 1(2), pages 193-208, September.
- Stefan Avdjiev & Wenxin Du & Catherine Koch & Hyun Song Shin, 2016. "The dollar, bank leverage and the deviation from covered interest parity," BIS Working Papers 592, Bank for International Settlements.
- Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999.
"What caused the Asian currency and financial crisis?,"
Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
- Corsetti, G. & Pesenti, P. & Roubini, N., 1998. "What Caused the Asian Currency and Financial Crisis?," Papers 343, Banca Italia - Servizio di Studi.
- Giancarlo Corsetti & Paolo Pesenti & Nouriel Roubini, 1998. "What Caused the Asian Currency and Financial Crisis?," Temi di discussione (Economic working papers) 343, Bank of Italy, Economic Research and International Relations Area.
- repec:oup:ecpoli:v:21:y:2006:i:48:p:597-638 is not listed on IDEAS
- Simi Kedia & Abon Mozumdar, 2003. "Foreign Currency Denominated Debt: An Empirical Examination," The Journal of Business, University of Chicago Press, vol. 76(4), pages 521-546, October.
- Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020.
"Financial frictions and export dynamics in large devaluations,"
Journal of International Economics, Elsevier, vol. 122(C).
- David Kohn & Fernando Leibovici & Michal Szkup, 2015. "Financial Frictions and Export Dynamics in Large Devaluations," Department of Economics Working Papers 2015_2, Universidad Torcuato Di Tella.
- David Kohn & Fernando Leibovici & Michal Szkup, 2018. "Financial Frictions and Export Dynamics in Large Devaluations," 2018 Meeting Papers 949, Society for Economic Dynamics.
- Michal Szkup & Fernando Leibovici & David Kohn, 2017. "Financial Frictions and Export Dynamics in Large Devaluations," 2017 Meeting Papers 859, Society for Economic Dynamics.
- David Kohn & Fernando Leibovici & Michal Szkup, 2017. "Financial Frictions and Export Dynamics in Large Devaluations," Working Papers 2017-13, Federal Reserve Bank of St. Louis.
- Jeanne, Olivier, 2000. "Foreign currency debt and the global financial architecture," European Economic Review, Elsevier, vol. 44(4-6), pages 719-727, May.
- Galiani, Sebastian & Levy Yeyati, Eduardo & Schargrodsky, Ernesto, 2003.
"Financial dollarization and debt deflation under a currency board,"
Emerging Markets Review, Elsevier, vol. 4(4), pages 340-367, December.
- Eduardo Levy Yeyati & Ernesto Schargrodsky & Sebastián Galiani, 2003. "Finantial Dollarization and Debt Deflation under a Currency Board," Business School Working Papers tres, Universidad Torcuato Di Tella.
- Sebastian Galiani & Eduardo Levy Yeyati & Ernesto Schargrodsky, 2003. "Financial Dollarization and Debt Deflation under a Currency Board," Working Papers 64, Universidad de San Andres, Departamento de Economia, revised Nov 2003.
- Martin Brown & Ralph De Haas, 2012.
"Foreign banks and foreign currency lending in emerging Europe [Capital structure and financial risk: evidence from foreign debt use in East Asia],"
Economic Policy, CEPR;CES;MSH, vol. 27(69), pages 57-98.
- Brown, Martin & de Haas, Ralph, 2012. "Foreign banks and foreign currency lending in emerging Europe," MPRA Paper 36323, University Library of Munich, Germany.
- Brown, Martin & Ongena, Steven & Yesin, Pinar, 2009.
"Foreign Currency Borrowing by Small Firms,"
CEPR Discussion Papers
7540, C.E.P.R. Discussion Papers.
- Martin Brown & Steven Ongena & Pinar Yesin, 2009. "Foreign Currency Borrowing by Small Firms," Working Papers 2009-02, Swiss National Bank.
- Kim, Yun Jung & Tesar, Linda L. & Zhang, Jing, 2015.
"The impact of foreign liabilities on small firms: Firm-level evidence from the Korean crisis,"
Journal of International Economics, Elsevier, vol. 97(2), pages 209-230.
- Yun Jung Kim & Linda L. Tesar & Jing Zhang, 2011. "The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis," Working Papers 620, Research Seminar in International Economics, University of Michigan.
- Yun Jung Kim & Linda Tesar & Jing Zhang, 2012. "The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis," NBER Working Papers 17756, National Bureau of Economic Research, Inc.
- Alvarez, Roberto & Hansen, Erwin, 2018. "Corporate Currency Risk and Hedging in Chile: Real and Financial Effects," IDB Publications (Working Papers) 8191, Inter-American Development Bank.
- Galindo, Arturo & Panizza, Ugo & Schiantarelli, Fabio, 2003. "Debt composition and balance sheet effects of currency depreciation: a summary of the micro evidence," Emerging Markets Review, Elsevier, vol. 4(4), pages 330-339, December.
- Gaston Gelos, R., 2003. "Foreign currency debt in emerging markets: firm-level evidence from Mexico," Economics Letters, Elsevier, vol. 78(3), pages 323-327, March.
- Echeverry, Juan Carlos & Fergusson, Leopoldo & Steiner, Roberto & Aguilar, Camila, 2003. "'Dollar' debt in Colombian firms: are sinners punished during devaluations?," Emerging Markets Review, Elsevier, vol. 4(4), pages 417-449, December.
- Kim, Soyoung & Roubini, Nouriel, 2008.
"Twin deficit or twin divergence? Fiscal policy, current account, and real exchange rate in the U.S,"
Journal of International Economics, Elsevier, vol. 74(2), pages 362-383, March.
- Soyoung Kim & Nouriel Roubini, 2004. "Twin Deficit or Twin Divergence? Fiscal Policy, Current Account, and Real Exchange Rate in the US," Econometric Society 2004 North American Winter Meetings 271, Econometric Society.
- Cowan, kevin & Quy-Toan Do, 2003. "Financial dollarization and central bank credibility," Policy Research Working Paper Series 3082, The World Bank.
- Steven B. Kamin & Marc Klau, 1997.
"Some multi-country evidence on the effects of real exchange rates on output,"
BIS Working Papers
48, Bank for International Settlements.
- Steven B. Kamin & Marc Klau, 1998. "Some multi-country evidence on the effects of real exchange rates on output," International Finance Discussion Papers 611, Board of Governors of the Federal Reserve System (U.S.).
- repec:oup:ecpoli:v:27:y:2012:i:69:p:57-98 is not listed on IDEAS
- Valentina Bruno & Hyun Song Shin, 2015.
"Cross-Border Banking and Global Liquidity,"
Review of Economic Studies, Oxford University Press, vol. 82(2), pages 535-564.
- Valentina Bruno & Hyun Song Shin, 2014. "Cross-border banking and global liquidity," BIS Working Papers 458, Bank for International Settlements.
- Luca, Alina & Petrova, Iva, 2008. "What drives credit dollarization in transition economies?," Journal of Banking & Finance, Elsevier, vol. 32(5), pages 858-869, May.
- Geczy, Christopher & Minton, Bernadette A & Schrand, Catherine, 1997. "Why Firms Use Currency Derivatives," Journal of Finance, American Finance Association, vol. 52(4), pages 1323-1354, September.
- Ricardo J. Caballero & Arvind Krishnamurthy, 2003. "Excessive Dollar Debt: Financial Development and Underinsurance," Journal of Finance, American Finance Association, vol. 58(2), pages 867-894, April.
- Nance, Deana R & Smith, Clifford W, Jr & Smithson, Charles W, 1993. "On the Determinants of Corporate Hedging," Journal of Finance, American Finance Association, vol. 48(1), pages 267-284, March.
- Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
- Delis, Manthos & Politsidis, Panagiotis & Sarno, Lucio, 2018. "Foreign currency lending," MPRA Paper 88197, University Library of Munich, Germany.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ozge Akinci & Albert Queraltó, 2018.
"Exchange rate dynamics and monetary spillovers with imperfect financial markets,"
Staff Reports
849, Federal Reserve Bank of New York.
- Ozge Akinci & Albert Queraltó, 2019. "Exchange Rate Dynamics and Monetary Spillovers with Imperfect Financial Markets," International Finance Discussion Papers 1254, Board of Governors of the Federal Reserve System (U.S.).
- Georgiadis, Georgios & Zhu, Feng, 2021. "Foreign-currency exposures and the financial channel of exchange rates: Eroding monetary policy autonomy in small open economies?," Journal of International Money and Finance, Elsevier, vol. 110(C).
- Friederike Niepmann & Tim Schmidt‐Eisenlohr & Emily Liu, 2021.
"The effect of US stress tests on monetary policy spillovers to emerging markets,"
Review of International Economics, Wiley Blackwell, vol. 29(1), pages 165-194, February.
- Liu, Emily & Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2019. "The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets," CEPR Discussion Papers 14128, C.E.P.R. Discussion Papers.
- Emily Liu & Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets," CESifo Working Paper Series 7955, CESifo.
- Emily Liu & Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets," International Finance Discussion Papers 1265, Board of Governors of the Federal Reserve System (U.S.).
- Stefan Avdjiev & Valentina Bruno & Catherine Koch & Hyun Song Shin, 2019.
"The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 151-173, March.
- Stefan Avdjiev & Valentina Bruno & Catherine Koch, 2018. "The dollar exchange rate as a global risk factor: evidence from investment," BIS Working Papers 695, Bank for International Settlements.
- Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
- Gita Gopinath & Jeremy C. Stein, 2018. "Banking, Trade, and the making of a Dominant Currency," NBER Working Papers 24485, National Bureau of Economic Research, Inc.
- Colin Weiss, 2020. "Contractionary Devaluation Risk: Evidence from the Free Silver Movement, 1878-1900," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 705-720, October.
- Eren, Egemen & Malamud, Semyon, 2018. "Dominant Currency Debt," CEPR Discussion Papers 13391, C.E.P.R. Discussion Papers.
- Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2018.
"Global Investors, the Dollar, and U.S. Credit Conditions,"
CEPR Discussion Papers
13237, C.E.P.R. Discussion Papers.
- Friederike Niepmann & Tim Schmidt-Eisenlohr, 2018. "Global Investors, the Dollar, and U.S. Credit Conditions," CESifo Working Paper Series 7288, CESifo.
- Delis, Manthos & Politsidis, Panagiotis & Sarno, Lucio, 2018. "Foreign currency lending," MPRA Paper 88197, University Library of Munich, Germany.
- Isabel Argimón, 2018. "The relevance of currency-denomination for the cross-border effects of monetary policy," Working Papers 1827, Banco de España;Working Papers Homepage.
- Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "Institutional Investors, the Dollar, and U.S. Credit Conditions," International Finance Discussion Papers 1246, Board of Governors of the Federal Reserve System (U.S.).
- José Antonio Ocampo & Germán D. Orbegozo & Mauricio Villamizar-Villegas, 2020.
"Post-graduation from the original sin problem The effects of market participation on sovereign debt markets,"
Borradores de Economia
1113, Banco de la Republica de Colombia.
- Ocampo, José Antonio & Orbegozo, German D. & Villamizar-Villegas, Mauricio, 2020. "Post-graduation from the original sin problem The effects of market participation on sovereign debt markets," Working papers 39, Red Investigadores de Economía.
- Alfaro, Laura & Asis, Gonzalo & Chari, Anusha & Panizza, Ugo, 2019.
"Corporate debt, firm size and financial fragility in emerging markets,"
Journal of International Economics, Elsevier, vol. 118(C), pages 1-19.
- Laura Alfaro & Gonzalo Asis & Anusha Chari & Ugo Panizza, 2019. "Corporate Debt, Firm Size and Financial Fragility in Emerging Markets," NBER Working Papers 25459, National Bureau of Economic Research, Inc.
- Sebnem Kalemli-Ozcan & Xiaoxi Liu & Ilhyock Shim, 2018. "Exchange rate appreciations and corporate risk taking," BIS Working Papers 710, Bank for International Settlements.
- Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2020. "The Dominant Currency Financing Channel of External Adjustment," Borradores de Economia 1111, Banco de la Republica de Colombia.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
- Harasztosi, Péter & Kátay, Gábor, 2020. "Currency matching by non-financial corporations," Journal of Banking & Finance, Elsevier, vol. 113(C).
- Marcelin, Isaac & Mathur, Ike, 2016. "Financial sector development and dollarization in emerging economies," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 20-32.
- Kátay, Gábor & Péter, Harasztosi, 2017. "Currency Matching and Carry Trade by Non-Financial Corporations," Working Papers 2017-02, Joint Research Centre, European Commission (Ispra site).
- Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020.
"Financial frictions and export dynamics in large devaluations,"
Journal of International Economics, Elsevier, vol. 122(C).
- David Kohn & Fernando Leibovici & Michal Szkup, 2015. "Financial Frictions and Export Dynamics in Large Devaluations," Department of Economics Working Papers 2015_2, Universidad Torcuato Di Tella.
- David Kohn & Fernando Leibovici & Michal Szkup, 2018. "Financial Frictions and Export Dynamics in Large Devaluations," 2018 Meeting Papers 949, Society for Economic Dynamics.
- David Kohn & Fernando Leibovici & Michal Szkup, 2017. "Financial Frictions and Export Dynamics in Large Devaluations," Working Papers 2017-13, Federal Reserve Bank of St. Louis.
- Michal Szkup & Fernando Leibovici & David Kohn, 2017. "Financial Frictions and Export Dynamics in Large Devaluations," 2017 Meeting Papers 859, Society for Economic Dynamics.
- Bryan Hardy & Felipe Saffie, 2019. "From carry trades to trade credit: financial intermediation by non-financial corporations," BIS Working Papers 773, Bank for International Settlements.
- Julián Caballero, 2020. "Corporate dollar debt and depreciations: all's well that ends well?," BIS Working Papers 879, Bank for International Settlements.
- Endrész, Marianna & Harasztosi, Péter, 2014.
"Corporate foreign currency borrowing and investment: The case of Hungary,"
Emerging Markets Review, Elsevier, vol. 21(C), pages 265-287.
- Marianna Endrész & Péter Harasztosi, 2014. "Corporate Foreign Currency Borrowing and Investment. The Case of Hungary," MNB Working Papers 2014/1, Magyar Nemzeti Bank (Central Bank of Hungary).
- Kevin Cowan & Erwin Hansen & Luis Oscar Herrera, 2005.
"Currency Mismatches, Balance Sheet Effects and Hedging in Chilean non-Financial Corporations,"
Working Papers Central Bank of Chile
346, Central Bank of Chile.
- Cowan, Kevin & Hansen, Erwin & Herrera, Luis Oscar, 2011. "Currency Mismatches, Balance-Sheet Effects and Hedging in Chilean Non-Financial Corporations," IDB Publications (Working Papers) 1920, Inter-American Development Bank.
- Kevin Cowan & Erwin Hansen & Luis Oscar Herrera, 2005. "Currency Mismatches, Balance-Sheet Effects and Hedging in Chilean Non-Financial Corporations," Research Department Publications 4387, Inter-American Development Bank, Research Department.
- Carranza, Luis & Galdon-Sanchez, Jose E. & Gomez-Biscarri, Javier, 2011.
"The relationship between investment and large exchange rate depreciations in dollarized economies,"
Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1265-1279.
- Luis Carranza & José Enrique Galdón Sánchez & Javier Gómez Biscarri, 2008. "The relationship between investment and large exchange rate depreciations in dollarized economies," Faculty Working Papers 01/08, School of Economics and Business Administration, University of Navarra.
- Brown, M. & Ongena, S. & Yesin, P., 2008.
"Currency Denomination of Bank Loans : Evidence from Small Firms in Transition Countries,"
Other publications TiSEM
c01ada6e-5c4b-48eb-8743-6, Tilburg University, School of Economics and Management.
- Brown, M. & Ongena, S. & Yesin, P., 2008. "Currency Denomination of Bank Loans : Evidence from Small Firms in Transition Countries," Discussion Paper 2008-16, Tilburg University, Center for Economic Research.
- Ashis Kumar Pradhan & Gourishankar S. Hiremath, 2020. "Why do Indian Firms Borrow in Foreign Currency?," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(2), pages 191-211, May.
- Brown, Martin & Ongena, Steven & Yesin, Pinar, 2009.
"Foreign Currency Borrowing by Small Firms,"
CEPR Discussion Papers
7540, C.E.P.R. Discussion Papers.
- Martin Brown & Steven Ongena & Pinar Yesin, 2009. "Foreign Currency Borrowing by Small Firms," Working Papers 2009-02, Swiss National Bank.
- Kevin Cowan & Erwin Hansen & Luis Oscar Herrera, 2005. "Descalces cambiarios, repercusiones en el balance general y protección contra el riesgo en empresas no financieras chilenas," Research Department Publications 4388, Inter-American Development Bank, Research Department.
- Martin Brown & Steven Ongena & Pinar Yeşin, 2014.
"Information Asymmetry and Foreign Currency Borrowing by Small Firms,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(1), pages 110-131, March.
- Brown, M. & Ongena, S. & Yesin, P., 2011. "Information Asymmetry and Foreign Currency Borrowing by Small Firms," Other publications TiSEM ebc0da7f-1886-4209-a528-d, Tilburg University, School of Economics and Management.
- Brown, M. & Ongena, S. & Yesin, P., 2011. "Information Asymmetry and Foreign Currency Borrowing by Small Firms," Other publications TiSEM 08c5de21-1bff-41eb-929f-5, Tilburg University, School of Economics and Management.
- Brown, M. & Ongena, S. & Yesin, P., 2011. "Information Asymmetry and Foreign Currency Borrowing by Small Firms," Discussion Paper 2011-099, Tilburg University, Center for Economic Research.
- Martin Brown & Steven Ongena & Pinar Yesin, 2012. "Information Asymmetry and Foreign Currency Borrowing by Small Firms," Working Papers 2012-05, Swiss National Bank.
- Brown, M. & Kirschenmann, K. & Ongena, S., 2009.
"Foreign Currency Loans - Demand or Supply Driven?,"
Other publications TiSEM
75ee4df5-492e-4e1f-8dc4-3, Tilburg University, School of Economics and Management.
- Brown, Martin & Kirschenmann, Karolin & Ongena, Steven, 2010. "Foreign Currency Loans - Demand or Supply Driven?," Proceedings of the German Development Economics Conference, Hannover 2010 8, Verein für Socialpolitik, Research Committee Development Economics.
- Brown, M. & Kirschenmann, K. & Ongena, S., 2009. "Foreign Currency Loans - Demand or Supply Driven?," Other publications TiSEM 348b5baa-3378-42ad-a661-e, Tilburg University, School of Economics and Management.
- Martin Brown & Karolin Kirschenmann & Steven Ongena, 2011. "Foreign Currency Loans - Demand or Supply Driven?," Working Papers 2011-02, Swiss National Bank.
- Brown, Martin & Kirschenmann, Karolin & Ongena, Steven, 2010. "Foreign Currency Loans - Demand or Supply Driven?," CEPR Discussion Papers 7952, C.E.P.R. Discussion Papers.
- Brown, M. & Kirschenmann, K. & Ongena, S., 2009. "Foreign Currency Loans - Demand or Supply Driven?," Discussion Paper 2009-78, Tilburg University, Center for Economic Research.
- Kim, Yun Jung & Tesar, Linda L. & Zhang, Jing, 2015.
"The impact of foreign liabilities on small firms: Firm-level evidence from the Korean crisis,"
Journal of International Economics, Elsevier, vol. 97(2), pages 209-230.
- Yun Jung Kim & Linda L. Tesar & Jing Zhang, 2011. "The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis," Working Papers 620, Research Seminar in International Economics, University of Michigan.
- Yun Jung Kim & Linda Tesar & Jing Zhang, 2012. "The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis," NBER Working Papers 17756, National Bureau of Economic Research, Inc.
- Sung C. Bae & Hyeon Sook Kim & Taek Ho Kwon, 2020. "Foreign currency borrowing surrounding the global financial crisis: Evidence from Korea," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(5-6), pages 786-817, May.
- Miguel FUENTES, 2009.
"Dollarization Of Debt Contracts: Evidence From Chilean Firms,"
The Developing Economies, Institute of Developing Economies, vol. 47(4), pages 458-487, December.
- Miguel Fuentes, 2007. "Dollarization of Debt Contracts: Evidence from Chilean Firms," Documentos de Trabajo 326, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Andreas Röthig, 2009. "Microeconomic Risk Management and Macroeconomic Stability," Lecture Notes in Economics and Mathematical Systems, Springer, number 978-3-642-01565-6, March.
More about this item
Keywords
corporate loans; credit risk; cross-border banking; Exchange Rates;All these keywords.
JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:14212. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: https://www.cepr.org .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.