Household debt revaluation and the real economy: Evidence from a foreign currency debt crisis

E Verner, G Gyöngyösi - American Economic Review, 2020 - aeaweb.org
We examine the consequences of a sudden increase in household debt burdens by
exploiting variation in exposure to household foreign currency debt during Hungary's late …

Financial crisis, creditor‐debtor conflict, and populism

G Gyöngyösi, E Verner - The Journal of Finance, 2022 - Wiley Online Library
We study the impact of debtor distress on support for a populist far‐right political party during
a financial crisis. Our empirical approach exploits variation in exposure to foreign currency …

Arbitraging covered interest rate parity deviations and bank lending

L Keller - American Economic Review, 2024 - aeaweb.org
I propose and test a new channel through which covered interest rate parity (CIP) deviations
can affect bank lending in emerging economies. I argue that when CIP deviations exist …

Financial crisis, creditor-debtor conflict, and populism

G Gyongyosi, E Verner - Journal of Finance, Forthcoming, 2021 - papers.ssrn.com
We study the impact of debtor distress on support for a populist far-right political party during
a financial crisis. Our empirical approach exploits variation in exposure to foreign currency …

[HTML][HTML] Currency matching by non-financial corporations

P Harasztosi, G Kátay - Journal of Banking & Finance, 2020 - Elsevier
The paper investigates firms' willingness to match the currency composition of their assets
and liabilities. Using detailed information at the loan contract level for the Hungarian non …

Foreign currency debt financing, firm value, and risk: Evidence from Korea surrounding the global financial crisis

SC Bae, HS Kim, TH Kwon - Asia‐Pacific Journal of Financial …, 2016 - Wiley Online Library
We examine the valuation effect of foreign currency (FC) debt financing, relative to local
currency (LC) debt financing. Employing extensive data from Korean firms during 2002 …

Corporate dollar debt and depreciations: All's well that ends well?

J Caballero - Journal of Banking & Finance, 2021 - Elsevier
This paper explores the effect of depreciations on investment when firms hold foreign
currency debt. The paper employs a novel database of stocks of foreign currency bonds …

The anatomy of consumption in a household foreign currency debt crisis

G Gyöngyösi, J Rariga, E Verner - 2022 - papers.ssrn.com
How do households adjust to a large debt shock? This paper studies household responses
to a revaluation of foreign currency household debt during a large depreciation in Hungary …

Balance sheet effects of foreign currency debt and real exchange rate on corporate investment: evidence from Turkey

S Demirkılıç - Emerging Markets Review, 2021 - Elsevier
I analyze the balance sheet channels of depreciation of the Turkish non-financial
corporations for 2003–2015. Having constructed a novel, hand-collected firm-level dataset …

BİST imalat sanayi şirketleri dolarizasyon eğiliminin işletme finansman politikaları üzerine etkileri

K Yalçıner, M Topcu - Ekonomi Politika ve Finans Araştırmaları …, 2022 - dergipark.org.tr
Türkiye'de finansal ve finansal olmayan sektör firmaları ile hane halkının varlık ve
yükümlülük dolarizasyonu önemli ölçüde artmış ve dolarizasyon işletmelerin finansman …