Das, Mitali; Gopinath, Gita; Kalemli-Ozcan, Sebnem - 2022
' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 … year window before risk-off shocks experienced relatively lower external finance premia and exchange rate volatility during … and COVID-19 as risk-off shocks. Our identification relies on a difference-in-differences methodology with country fixed …