Corporate Investment in Emerging Markets : Financing vs. Real Options Channel /

We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in the costs of external borrowing and (ii) a real options cha...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Li, Delong
مؤلفون آخرون: Magud, Nicolas, Valencia, Fabian
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2015.
سلاسل:IMF Working Papers; Working Paper ; No. 2015/285
الوصول للمادة أونلاين:Full text available on IMF