Extra-Financial Risk Factors and the Cost of Debt

So speculation is destabilizing at the short horizon and stabilizing at the medium horizon (between 3 to 6 months). We shall see how these facts fit perfectly well with a

First, it corroborates the hypothesis of the endogeneity of optimum currency areas, whereby after joining a monetary union countries better meet standard OCA criteria; second,

It is found that dollar debt and firm investment have significant negative correlation, which means that firms with higher dollar debt have smaller investment due to

Explaining Monthly Carry Trade Returns with Funding Risk in Japan This table shows the results of regressing monthly carry trade returns on funding risk, calculated from option data

Consequently, to study the role of foreign banks in the host country plus the attraction and stabilisation of foreign bank financing, it would be wise, in a Push&Pull

The contributions of this study may then be summarized as follows: 1) From a theoretical stand- point, the FX market may suer from a perverse interaction between active

ToT is the terms of trade; STKF is the net short-term capital flow expressed as a ratio of GDP; 12 CA is the current account balance expressed as a ratio of GDP; IDIFER is

According to an alternative method of currency risk analysis - VaR, the positive foreign exchange differences of Antonov State Comoany are received due to US