When firms borrow in foreign currency and are not perfectly hedged, exchange rate changes
can affect their ability to repay the debt. US loan-level data show that a 10 percent …

We investigate the real effects of foreign exchange (FX) volatility on technological
innovation. Using a 32-market, three-decade sample, we show that heightened FX volatility …

We contend that industry heterogeneity in risk and financing has important implications for
the passthrough of monetary policy to corporate loan spreads. Existing literature on the risk …

Sažetak Upravljanje valutnim rizikom primjenom valutne klauzule, kao dominantne metode,
u hrvatskom bankovnom sustavu posljednjih je godina pod snažnim utjecajem nestabilnosti …

As emerging economies become more integrated into the international credit markets, their
banking systems' dependence on foreign funds becomes more important, which make them …