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Corporate currency risk and hedging in Chile : real and financial effects
Álvarez, Roberto; Hansen, Erwin - 2017
This paper examines a panel (1994-2014) of Chilean non-financial firms, both publicly listed and private, which was built to analyze the determinants of the use of foreign currency debt and their potential consequences for firm investment and profitability. It is found that foreign assets and...
Persistent link: https://www.econbiz.de/10011626403
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Psychometrics as a tool to improve screening and access to credit
Arráiz, Irani; Bruhn, Miriam; Stucchi, Rodolfo - 2015
screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use … entrepreneurs who were offered a loan based on the traditional credit-scoring method versus the EFL tool. We find that the … entrepreneurs - i.e., those with a credit history. For unbanked entrepreneurs - i.e., those without a credit history - using the EFL …
Persistent link: https://www.econbiz.de/10011485359
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Risk-premia, carry-trade dynamics, and speculative efficiency of currency markets
Wagner, Christian - 2008
Persistent link: https://www.econbiz.de/10003746950
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The empirical performance of option based densities of foreign exchange
Craig, Ben R.; Keller, Joachim G. - 2002
Persistent link: https://www.econbiz.de/10001650407
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Carry trades, order flow and the forward bias puzzle
Breedon, Francis J.; Rime, Dagfinn; Vitale, Paolo - 2015
We investigate the relation between foreign exchange (FX) order flow and the forward bias. We outline a decomposition of the forward bias according to which a negative correlation between interest rate differentials and order flow creates a time-varying risk premium consistent with that bias....
Persistent link: https://www.econbiz.de/10011396784
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Capital flow management measures and dollarization
Andreasen, Eugenia; Nuguer, Victoria - 2020
credit in the economy and that banks response in terms of credit and deposits is very heterogeneous depending on their ex …
Persistent link: https://www.econbiz.de/10012587526
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Comparing individual-specific benefit estimates for public goods : finite versus continuous mixing in logit models
Scarpa, Riccardo; Willis, Kenneth G.; Acutt, Melinda - 2004
Multi-attribute stated preference data, derived through choice experiments, is used to investigate the consequence of a finite number of preference groups in a sample of Yorkshire Water residential customers on the conditional distributions of willingness to pay in the sample. The research...
Persistent link: https://www.econbiz.de/10011606923
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Energy prices and the real exchange rate of commodity-exporting countries
Dauvin, Magali - 2013
This paper investigates the relationship between energy prices and the real effective exchange rate of commodity-exporting countries. We consider two sets of countries: 10 energy-exporting and 23 non-fuel commodity-exporting countries over the period 1980-2011. Estimating a panel cointegrating...
Persistent link: https://www.econbiz.de/10010225994
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Forecasting exchange rates of major currencies with long maturity forward rates
Darvas, Zsolt M.; Schepp, Zoltán - 2020
This paper presents unprecedented exchange rate forecasting results, based upon a new model that approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate. The theoretical derivation of our forecasting...
Persistent link: https://www.econbiz.de/10012302033
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Bank competition and the price of credit : evidence using Mexican loan-level data
Cañón, Carlos Iván; Cortés, Edgar; Guerrero, Rodolfo - 2020
This paper studies the relationship between competition measures at the bank level and the price of credit for non …
Persistent link: https://www.econbiz.de/10012256390