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Currency Hedging in Emerging Markets: Managing Cash Flow Exposure
Foreign currency derivative markets are among the largest in the world, yet their role in emerging markets in particular, is relatively...
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  • 2020
  • Working Paper

Why is Dollar Debt Cheaper? Evidence from Peru
By: Victoria Ivashina, Bryan Gutiérrez and Juliana Salomao
In emerging markets, a significant share of corporate loans are denominated in dollars. Using novel data that enables us to see currency and the cost of credit, in addition to several other transaction-level characteristics, we re-examine the reasons behind dollar...  View Details
Keywords: Emerging Market Corporate Debt; Currency Mismatch; Liability Dollarization; Carry Trade; Peru
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  • 2020
  • Working Paper

Currency Hedging in Emerging Markets: Managing Cash Flow Exposure
By: Laura Alfaro, Mauricio Calani and Liliana Varela
Foreign currency derivative markets are among the largest in the world, yet their role in emerging markets in particular, is relatively understudied. We study firms' currency risk exposure and their hedging choices by employing a unique dataset covering the universe of...  View Details
Keywords: Foreign Currency Hedging; FX Derivatives; Foreign Currency Debt; Currency Mismatch; Trade Credit; Currency; Cash Flow; Emerging Markets
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Are you looking for?

Currency Hedging in Emerging Markets: Managing Cash Flow Exposure
Foreign currency derivative markets are among the largest in the world, yet their role in emerging markets in particular, is relatively...
→ Search All HBS Web