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We document that the currency denomination of the debt of developed country firms is strongly related to the … equivalent increase in the proportion of debt denominated in the corresponding currency. Consistent with the existence of fixed … costs of debt issuance, we find that the relationship between the currency denomination of debt and the geography of sales …
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There is perhaps nothing so commonplace and yet so mystifying as money. But to European communists, money was clearly an instrument of economic exploitation and spiritual alienation. In this groundbreaking study, Jonathan R. Zatlin explores the East German attempt to create a perfect society by...
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