The Exposure of Long-Term Foreign Currency Bonds

B-Tier
Journal: Journal of Financial and Quantitative Analysis
Year: 1980
Volume: 15
Issue: 4
Pages: 973-994

Authors (2)

Adler, Michael (not in RePEc) Dumas, Bernard (INSEAD)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

A currency is not risky because devaluation is highly likely. If the devaluation were certain, there would be no risk at all. A weak currency can be less risky than a strong currency. A strong currency does not become risky because it has been used to denominate a firm's debt.

Technical Details

RePEc Handle
repec:cup:jfinqa:v:15:y:1980:i:04:p:973-994_01
Journal Field
Finance
Author Count
2
Added to Database
2026-01-25