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'Dollar' debt in Colombian firms: are sinners punished during devaluations?
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- Kátay, Gábor & Péter, Harasztosi, 2017. "Currency Matching and Carry Trade by Non-Financial Corporations," JRC Working Papers in Economics and Finance 2017-02, Joint Research Centre, European Commission.
- International Monetary Fund, 2006. "Colombia; Selected Issues," IMF Staff Country Reports 06/401, International Monetary Fund.
- 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.
- Nicolas Berman, 2009. "Financial Crises and International Trade: The Long Way to Recovery," Economics Working Papers ECO2009/23, European University Institute.
- Timothy Chue & David Cook, 2004. "Sudden Stops and Liability Dollarization: Evidence from East Asian Financial Intermediaries," Econometric Society 2004 Far Eastern Meetings 646, Econometric Society.
- Ricardo Bebczuk & Arturo Galindo & Ugo Panizza, 2010.
"An Evaluation of the Contractionary Devaluation Hypothesis,"
Palgrave Macmillan Books, in: Hadi Salehi Esfahani & Giovanni Facchini & Geoffrey J. D. Hewings (ed.), Economic Development in Latin America, chapter 8, pages 102-117,
Palgrave Macmillan.
- Ricardo Bebczuk & Arturo Galindo & Ugo Panizza, 2006. "An Evaluation of the Contractionary Devaluation Hypothesis," IIE, Working Papers 064, IIE, Universidad Nacional de La Plata.
- Ricardo Bebczuk & Arturo Galindo & Ugo Panizza, 2006. "An Evaluation of the Contractionary Devaluation Hypothesis," Department of Economics, Working Papers 064, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
- Bebczuk, Ricardo N. & Panizza, Ugo & Galindo, Arturo, 2006. "An Evaluation of the Contractionary Devaluation Hypothesis," IDB Publications (Working Papers) 1583, Inter-American Development Bank.
- Ricardo N. Bebczuk & Ugo Panizza & Arturo Galindo, 2006. "An Evaluation of the Contractionary Devaluation Hypothesis," Research Department Publications 4486, Inter-American Development Bank, Research Department.
- Caballero, Julián, 2021.
"Corporate dollar debt and depreciations: All’s well that ends well?,"
Journal of Banking & Finance, Elsevier, vol. 130(C).
- Julián Caballero, 2020. "Corporate dollar debt and depreciations: all's well that ends well?," BIS Working Papers 879, Bank for International Settlements.
- Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2022.
"Foreign currency loans and credit risk: Evidence from U.S. banks,"
Journal of International Economics, Elsevier, vol. 135(C).
- Friederike Niepmann & Tim Schmidt-Eisenlohr, 2017. "Foreign Currency Loans and Credit Risk: Evidence from U.S. Banks," CESifo Working Paper Series 6700, CESifo.
- Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2019. "Foreign Currency Loans and Credit Risk: Evidence from U.S. Banks," CEPR Discussion Papers 14212, C.E.P.R. Discussion Papers.
- José María Serena & Ricardo Sousa, 2017.
"Does exchange rate depreciation have contractionary effects on firm-level investment?,"
BIS Working Papers
624, Bank for International Settlements.
- Jose Maria Serena & Ricardo Sousa, 2018. "Does exchange rate depreciation have contractionary effects on firm-level investment?," Working Papers 26, European Stability Mechanism.
- 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).
- Erdal ÖZMEN & Cihan YALÇIN, 2007.
"Küresel finansal riskler karşısında Türkiye’de reel sektörün finansal yapısı ve borç dolarizasyonu,"
Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 22(258), pages 5-39.
- Erdal Ozmen & Cihan Yalcin, 2007. "Kuresel Finansal Riskler Karsisinda Turkiye'de Reel Sektor Finansal Yapisi ve Borc Dolarizasyonu," Working Papers 0706, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- 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.
- Hoyt Bleakley & Kevin Cowan, 2008.
"Corporate Dollar Debt and Depreciations: Much Ado About Nothing?,"
The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 612-626, November.
- Hoyt Bleakley & Kevin Cowan, 2002. "Corporate dollar debt and depreciations: much ado about nothing?," Working Papers 02-5, Federal Reserve Bank of Boston.
- Hoyt Bleakley & Kevin Cowan, 2005. "Corporate Dollar Debt and Depreciations: Much Ado About Nothing?," Research Department Publications 4411, Inter-American Development Bank, Research Department.
- Bleakley, Hoyt & Cowan, Kevin, 2005. "Corporate Dollar Debt and Depreciations: Much Ado about Nothing?," IDB Publications (Working Papers) 1555, Inter-American Development Bank.
- Ana María Iregui & Luis Fernando Melo V. & María Teresa Ramírez, 2013.
"Efecto de la volatilidad y del desalineamiento de la tasa de cambio real sobre la actividad de las empresas en Colombia,"
Borradores de Economia
801, Banco de la Republica de Colombia.
- Ana María Iregui B. & Luis Fernando Melo V. & María Teresa Ramírez G. & Carmen Cecilia Delgado R., 2013. "El efecto de la volatilidad y del desalineamiento de la tasa de cambio real sobre la actividad de las empresas en Colombia," Borradores de Economia 11106, Banco de la Republica.
- Nicolas Berman & Antoine Berthou, 2009.
"Financial Market Imperfections and the Impact of Exchange Rate Movements on Exports,"
Review of International Economics, Wiley Blackwell, vol. 17(1), pages 103-120, February.
- Berthou, Antoine & Berman, Nicolas, 2006. "Financial Market Imperfections and the impact of exchange rate movements on exports," Proceedings of the German Development Economics Conference, Berlin 2006 3, Verein für Socialpolitik, Research Committee Development Economics.
- Nicolas Berman & Antoine Berthou, 2009. "Financial Market Imperfections and the Impact of Exchange Rate Movements on Exports," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00650665, HAL.
- Nicolas Berman & Antoine Berthou, 2009. "Financial Market Imperfections and the Impact of Exchange Rate Movements on Exports," Post-Print hal-00650665, HAL.
- Nicolas Berman & Antoine Berthou, 2006. "Financial market imperfections and the impact of exchange rate movements on exports," Cahiers de la Maison des Sciences Economiques bla06055, Université Panthéon-Sorbonne (Paris 1).
- Hardy, Bryan, 2023.
"Foreign currency borrowing, balance sheet shocks, and real outcomes,"
Journal of International Money and Finance, Elsevier, vol. 139(C).
- Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
- Chue, Timothy K. & Cook, David, 2008. "Sudden stops and liability dollarization: Evidence from Asia's financial intermediaries," Pacific-Basin Finance Journal, Elsevier, vol. 16(4), pages 436-452, September.
- Nicolas Berman & Antoine Berthou, 2006.
"Financial market imperfections and the impact of exchange rate movements,"
Post-Print
halshs-00118834, HAL.
- Nicolas Berman & Antoine Berthou, 2006. "Financial market imperfections and the impact of exchange rate movements," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00118834, HAL.
- Galindo, Arturo & Leiderman, Leonardo, 2005.
"Living with Dollarization and the Route to Dedollarization,"
IDB Publications (Working Papers)
1553, Inter-American Development Bank.
- Arturo Galindo & Leonardo Leiderman, 2005. "Living with Dollarization and the Route to Dedollarization," Research Department Publications 4397, Inter-American Development Bank, Research Department.
- Humala, Alberto, 2019. "Corporate earnings sensitivity to FX volatility and currency exposure: evidence from Peru," Working Papers 2019-021, Banco Central de Reserva del Perú.
- Ashis Kumar Pradhan & Gourishankar S. Hiremath, 2021. "Effects of foreign currency debt on investment of the firms in emerging economy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 4993-5004, October.
- John SERIEUX, 2009. "Partial Dollarization, Exchange Rates, And Firm Investment In Paraguay," The Developing Economies, Institute of Developing Economies, vol. 47(1), pages 53-80, March.
- Mehtap Kesriyeli & Erdal Ozmen & Serkan Yiğit, 2011. "Corporate sector liability dollarization and exchange rate balance sheet effect in Turkey," Applied Economics, Taylor & Francis Journals, vol. 43(30), pages 4741-4747.
- Kevin Cowan L. & Erwin Hansen S. & Luis Óscar Herrera B., 2005. "Currency Mismatches in Non-Financial Firms in Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 8(2), pages 57-82, August.
- Hoyt Bleakley & Kevin Cowan, 2005. "Deuda empresarial denominada en dólares y depreciación: ¿mucho ruido y pocas nueces?," Research Department Publications 4412, Inter-American Development Bank, Research Department.
- 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.
- 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, 2005. "Currency Mismatches, Balance-Sheet Effects and Hedging in Chilean Non-Financial Corporations," IDB Publications (Working Papers) 1920, Inter-American Development Bank.
- Juan Carlos Echeverry & Jaime Navas & Verónica Navas & María Paula Gómez, 2009. "Oil in Colombia: History, Regulation and Macroeconomic Impact," Documentos CEDE 5428, Universidad de los Andes, Facultad de Economía, CEDE.
- Nazlı Karamollaoğlu & Cihan Yalçın, 2017. "Exports of manufacturing firms, exchange rates, and foreign currency exposure: firm level evidence from Turkey," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Uses of central balance sheet data offices' information, volume 45, 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.
- Camila Casas & Sergii Meleshchuk & Mr. Yannick Timmer, 2023. "The Dominant Currency Financing Channel of External Adjustment," IMF Working Papers 2023/164, International Monetary Fund.
- Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2022. "The Dominant Currency Financing Channel of External Adjustment," International Finance Discussion Papers 1343, Board of Governors of the Federal Reserve System (U.S.).
- Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2023. "The Dominant Currency Financing Channel of External Adjustment," CESifo Working Paper Series 10514, CESifo.
- Katalin Bodnár, 2009. "Exchange rate exposure of Hungarian enterprises – results of a survey," MNB Occasional Papers 2009/80, Magyar Nemzeti Bank (Central Bank of Hungary).
- 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.
- Kevin Cowan & Erwin Hansen & Luis Óscar Herrera, 2006. "Currency Mismatches in Chilean Nonfinancial Corporations," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo Caballero & César Calderón & Luis Felipe Céspedes & Norman Loayza (Series Editor) & Klaus Sc (ed.),External Vulnerability and Preventive Policies, edition 1, volume 10, chapter 7, pages 207-252, Central Bank of Chile.
- 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.
- Kim, Yun Jung, 2016. "Foreign currency exposure and balance sheet effects: A firm-level analysis for Korea," Emerging Markets Review, Elsevier, vol. 26(C), pages 64-79.
- Kandilov, Ivan T. & Leblebicioglu, AslI, 2011. "The impact of exchange rate volatility on plant-level investment: Evidence from Colombia," Journal of Development Economics, Elsevier, vol. 94(2), pages 220-230, March.
- Rasaki, Mutiu Gbade & Malikane, Christopher, 2017. "An estimated financial accelerator model for small-open African economies," MPRA Paper 95977, University Library of Munich, Germany.
- Nazlı Karamollaoğlu & Cihan Yalçin, 2020. "Exports, real exchange rates and dollarization: empirical evidence from Turkish manufacturing firms," Empirical Economics, Springer, vol. 59(5), pages 2527-2557, November.
- Alejandro Torres García & Laura Wberth Escobar, 2018. "Commodity Prices Shocks and the Balance Sheet Effect in Latin America," Documentos de Trabajo de Valor Público 16362, Universidad EAFIT.
- Demirkılıç, Serkan, 2021. "Balance sheet effects of foreign currency debt and real exchange rate on corporate investment: evidence from Turkey," Emerging Markets Review, Elsevier, vol. 47(C).
- Juan Manuel Lima & Mr. Johannes Wiegand & Enrique Montes & Carlos Varela, 2006. "Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003," IMF Working Papers 2006/005, International Monetary Fund.
- Andreas Röthig, 2009. "Microeconomic Risk Management and Macroeconomic Stability," Lecture Notes in Economics and Mathematical Systems, Springer, number 978-3-642-01565-6, December.
- Alejandro Torres-García & Jaime Montoya-Arbeláez & Laura Wberth-Escobar, 2022. "Commodity price shocks and the balance sheet effect in emerging economies," Economic Change and Restructuring, Springer, vol. 55(4), pages 2081-2110, November.
- Walter, Stefanie, 2008. "A New Approach for Determining Exchange-Rate Level Preferences," International Organization, Cambridge University Press, vol. 62(3), pages 405-438, July.
- Azabache, Pablo, 2011. "Decisiones de Inversión en Empresas con Dolarización Financiera," Working Papers 2011-023, Banco Central de Reserva del Perú.
- Mehtap Kesriyeli & Erdal Ozmen & Serkan Yigit, 2005.
"Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey,"
Working Papers
0516, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Mehtap Kesriyeli & Erdal Ozmen & Serkan Yigit, 2005. "Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey," ERC Working Papers 0507, ERC - Economic Research Center, Middle East Technical University, revised Nov 2005.
- Arturo Galindo & Leonardo Leiderman, 2005. "Vivir con la dolarización y el camino hacia la desdolarización," Research Department Publications 4398, Inter-American Development Bank, Research Department.
- Harasztosi, Péter & Kátay, Gábor, 2020. "Currency matching by non-financial corporations," Journal of Banking & Finance, Elsevier, vol. 113(C).
- Lorenzo Nalin & Giuliano Toshiro Yajima, 2020. "Balance Sheet Effects of a Currency Devaluation: A Stock-Flow Consistent Framework for Mexico?," Economics Working Paper Archive wp_980, Levy Economics Institute.
- 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.
- 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.