Although the major part of literature on foreign direct investment FDI is largely based on the
assumption of imperfections in goods and factor markets, a small but growing literature has …

In this paper, a review of theoretical literature of models providing rational of corporate
hedging is done and also addresses the corporate finance issues such as financing and …

Using a unique dataset with information on the currency composition of firms' assets and
liabilities in six Latin-American countries, I investigate how the choice of exchange rate …

This paper analyzes the inflation targeting experience of developing countries as an
effective monetary policy framework to promote changes in the currency composition of their …

The present debate over capital controls emphasizes their potential role as tools for
macroeconomic and financial stability. The effectiveness of these tools may depend on …

We investigate the influence of exchange rate regimes on the foreign exchange exposure of
emerging market firms. Using a sample of 1523 firms from 20 countries for the period …

We assess the motivations for changing capital controls and their effectiveness in India, a
country with the legal and administrative machinery to implement controls. We focus on the …

Central banks often buy or sell reserves—so called FX interventions (FXIs)—to dampen
sharp exchange rate movements caused by volatile capital flows. At the same time, these …

Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged to the US
Dollar. During the crisis, many economies experienced a brief period of extreme flexibility. A …

We explore the impact of real exchange rate changes on the performance of Indian
manufacturing firms over the period 2000–2012. Our empirical analysis shows that real …