Beckmann, Elisabeth; Stix, Helmut - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 1-16
study whether the demand for foreign currency loans is driven by a lack of knowledge about the exchange rate risk emanating … information on agents’ knowledge about exchange rate risk. Results show, first, that a majority of respondents is aware that … depreciations increase loan installments. Second, we find that knowledge about the exchange rate risk exerts a strong impact on the …