연구정보
[경제] US monetary policy and the financial channel of the exchange rate: evidence from India
인도 국외연구자료 연구보고서 - BIS 발간일 : 2021-05-28 등록일 : 2021-12-02 원문링크
Over the past decade, non-financial firms in emerging market economies (EMEs) have rapidly built up dollar debt. This makes them vulnerable to changes in US monetary policy. If a local currency weakens against the dollar, the domestic economy may shrink rather than expand if such firms have a large stock of unhedged dollar debt. Our paper examines the evidence for this hypothesis based on Indian firm-level and macro-level data.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] Improving Transparency and Accountability in Public-Private Partnerships : ... | 2021-12-02 |
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| 다음글 | [국제관계] Fulfilling U.S. Commitments to Its Afghan Allies | 2021-12-09 |
