Foreign Currency Debt in Emerging Markets: Firm-Level Evidence from Mexico
Posted: 16 Nov 2002
Abstract
Using a database of over 500 Mexican companies, we examine the determinants of the share of foreign-currency denominated debt in total debt, finding that it is positively correlated with imports, exports, and the size of the firm.
Keywords: moral hazard, financial crises, hedging, exposure
JEL Classification: F31, G15, G32
Suggested Citation: Suggested Citation
Gelos, R. Gaston, Foreign Currency Debt in Emerging Markets: Firm-Level Evidence from Mexico. Available at SSRN: https://ssrn.com/abstract=330800
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