Financial Development, Exchange Rate Fluctuations and Debt Dollarization : A Firm-Level Evidence /

This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of non...

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Autor principal: Kim, Minsuk
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2019.
Col·lecció:IMF Working Papers; Working Paper ; No. 2019/168
Accés en línia:Full text available on IMF