Download This PaperExternal Debt Sheds Light on Drivers of Exchange Rate Fluctuations
4 Pages Posted: 17 Aug 2015
Date Written: 2015
Abstract
During a financial panic, a major driver of exchange rate fluctuations is a country’s amount of external debt, or funds borrowed from foreign lenders. However, not all debt has the same impact on rate movements.
Suggested Citation: Suggested Citation
Davis, Scott, External Debt Sheds Light on Drivers of Exchange Rate Fluctuations (2015). Economic Letter, Vol. 10, Issue 4, pp. 1-4, 2015, Available at SSRN: https://ssrn.com/abstract=2643943
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