Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
964107 | Journal of International Money and Finance | 2013 | 22 Pages |
Abstract
⺠We examine why emerging market firms use foreign debt and currency derivatives. ⺠We focus on a volatile exchange rate context of Latin American firms in early 2000s. ⺠Country specific factors explain part of firms' foreign leverage and hedging policy. ⺠Foreign debt is used by firms for hedging and speculation in the long-term. ⺠Currency derivatives are used for short-term hedging mainly in the post crisis era.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Georgios Gatopoulos, Henri Loubergé,