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Foreign Currency Borrowing of Corporations as Carry Trades: Evidence from India

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NBER2020-11-01 更新2025-01-04 收录
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We establish that macroprudential policies limiting capital flows can curb risks arising from corporate foreign currency borrowing in emerging markets. Using detailed firm-level data from India, we show that propensity to issue foreign currency debt for the same firm is higher when the difference in

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2020-11-01
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