It takes the average reader and 41 minutes to read Currency Mismatches and Vulnerability to Exchange Rate Shocks: Nonfinancial Firms in Colombia by Mr.Adolfo Barajas
Assuming a reading speed of 250 words per minute. Learn more
After building up foreign currency denominated (FC) liabilities over several years, Colombian firms might be vulnerable to a shift in external conditions. We undertake three empirical exercises to better understand these vulnerabilities. First, we identify the determinants of FC borrowing. Second, we investigate the implications for real activity, finding a balance sheet effect that transmits exchange rate fluctuations to investment and is asymmetric, much stronger for depreciations than for appreciations. Finally, we find that foreign exchange derivatives are not used solely for hedging, due in part to monetary authority intervention to smooth exchange rate volatility. However, a full explanation remains open for future research.
Currency Mismatches and Vulnerability to Exchange Rate Shocks: Nonfinancial Firms in Colombia by Mr.Adolfo Barajas is 41 pages long, and a total of 10,291 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Currency Mismatches and Vulnerability to Exchange Rate Shocks: Nonfinancial Firms in Colombia aloud.
Currency Mismatches and Vulnerability to Exchange Rate Shocks: Nonfinancial Firms in Colombia is suitable for students ages 8 and up.
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