The International Diversification Puzzle when Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, not Equity Portfolios PDF (Adobe DRM) download by Charles Engel

The International Diversification Puzzle when Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, not Equity Portfolios

INTERNATIONAL MONETARY FUND
Publication date: June 2004
ISBN: 9781451871593
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$18.00
Our price:
$13.99

You save: $4.01 (22%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
The paper investigates the determinants of foreign currency borrowing by the private sector in the new member states of the European Union. We find that striking differences in patterns of foreign currency borrowing between countries are explained by the loan-to-deposit ratios, openness, and the interest rate differential. Joining the EU appears to have played an important role, by providing direct access to foreign funding, offering hedging opportunities through greater openness, lending credibility to exchange rate regimes, and raising expectations of imminent euro adoption. The empirical evidence suggests that regulatory policies to slow foreign currency borrowing have had only limited success.
Please sign in to review this product.
Format:
Devices:
The International Diversification Puzzle when Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, not Equity Portfolios PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
821 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Other books by Charles Engel
International Risk Sharing: Through Equity Diversification or Exchange Rate Hedging? PDF (Adobe DRM) download by Charles Engel
International Risk Sharing: Through Equity Diversification or Exchange Rate Hedging?
Charles Engel & Akito Matsumoto
INTERNATIONAL MONETARY FUND, December 2004
ISBN: 9781451872859
Format: PDF
List Price: $18.00 Our price: $13.99