Sengupta, Rajeswari (2010): Does reserve accumulation lead to higher currency-risk taking in the corporate sector? Firm-level evidence for Latin America.
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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
|Item Type:||MPRA Paper|
|Original Title:||Does reserve accumulation lead to higher currency-risk taking in the corporate sector? Firm-level evidence for Latin America|
|Keywords:||Foreign exchange reserves, foreign currency denominated debt, corporate risk-taking, currency depreciation|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance
F - International Economics > F3 - International Finance
|Depositing User:||Rajeswari Sengupta|
|Date Deposited:||18. May 2012 23:17|
|Last Modified:||13. Feb 2013 06:42|
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