How do credits dollarize? The role of firm’s natural hedges, banks’ core and non-core liabilities

C-Tier

Journal: Economics Letters

Year: 2020

Volume: 188

Issue: C

Authors (1)

Yilmaz, Fatih (King Abdullah Petroleum Studie...)

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We show that firms’ natural hedges and banks’ foreign currency (FX) liabilities strongly dollarize credits. Among bank liabilities, the effect of non-core FX liabilities is significantly larger than core FX liabilities. These channels are adversely affected by macroeconomic conditions.

How do credits dollarize? The role of firm’s natural hedges, banks’ core and non-core liabilities

Authors (1)

Abstract

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