Exchange expectations, adverse selection and liquidity: Expectativas cambiarias, selección adversa y liquidez
This paper evaluates the short-term implications of exchange rate expectations in credit markets affected by adverse selection. It presents a model for a credit market in which debt contracts are contingent on the income of borrowers. Since legacy assets are denominated in a foreign currency, contra...
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| Formato: | Artículo |
| Lenguaje: | spa |
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Universidad Autónoma de Nuevo León
2014
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| Acceso en línea: | https://ensayos.uanl.mx/index.php/ensayos/article/view/31 |