Lobato, Ignacio; Pratap, Sangeeta; Somuano, Alejandro - Centro de Investigación Económica (CIE), Departamento … - 2004
We use Mexican firm-level data to study the role of currency mismatches in exacerbating the negative effects of a devaluation in the corporate sector and to investigate what drives Mexican firms to borrow in foreign currency. Our results show that large firms and exporters tend to borrow more...