Why are Countries' Asset Portfolios Exposed to Nominal Exchange Rates? /
Most countries hold large gross asset positions, lending in domestic currency and borrowing in foreign. Thus, their balance sheets are exposed to nominal exchange rates. We argue that when asset markets are incomplete, nominal exchange rate exposure allows countries to partially insure against shock...
| מחבר ראשי: | |
|---|---|
| מחברים אחרים: | |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 2017/291 |
| גישה מקוונת: | Full text available on IMF |