Currency Depreciation and Emerging Market Corporate Distress
Abstract
How do emerging market corporates fare during periods of currency depreciation? We find that nonfinancial firms that exploit favorable global financing conditions to issue U.S. dollar bonds and build cash balances are also those whose share price is most vulnerable to local currency depreciation. In particular, firms’ vulnerability to currency depreciation derives less from the foreign currency debt as such, and more from the cash balances that...
Paper Details
Title
Currency Depreciation and Emerging Market Corporate Distress
Published Date
May 1, 2020
Journal
Volume
66
Issue
5
Pages
1935 - 1961
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History