The additional cost of hedging in foreign currency loans
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DOI: 10.1177/0312896217726836
Abstract: Foreign currency denominated loans (FCDLs) are an important part of corporate funding as well as an operational risk management tool. We show that domestic borrowers use FCDLs to hedge their foreign exchange risk exposure. FCDLs… read more here.
Keywords: currency loans; cost hedging; currency; foreign currency ... See more keywords