Exchange Rate Fluctuations and Firm Leverage.
We quantify the effect of exchange rate fluctuations on firm leverage. When home currency appreciates, firms who hold foreign currency debt and local currency assets observe higher net worth as appreciation lowers the value of their foreign currency debt. These firms can borrow more as a result and...
| Định dạng: | Tạp chí |
|---|---|
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2020/283 |
| Truy cập trực tuyến: | Full text available on IMF |