Exchange Rate Fluctuations and Firm Leverage
收藏NBER2021-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28608
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资源简介：
We quantify the effect of exchange rate fluctuations on firm leverage. When home currency appreciates, firms who hold foreign currency debt and local currency assets observe higher net worth as appreciation lowers the value of their foreign currency debt. These firms can borrow more as a result and
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美国国家经济研究局创建时间：
2021-03-01
