Author(s):Bryan Hardy and Felipe Saffie Date:April 2023 Abstract: We use unique firm-level data from Mexico to document that non-financial corporations engage in carry trades by borrowing in foreign currency (FX) and lending in domestic currency, largely in the form of trade credit, accumulating currency risk in the process. We show at a quarterly frequency that[…]
Key takeaways Link: Statistical release: BIS international banking statistics and global liquidity indicators at end-December 2022
CfP Deadline Date:May 10, 2023 Conference Event:August 14-15, 2023 Event Location:Frankfurt, Germany Organizer(s):Deutsche BundesbankCenter for Advanced Studies on the Foundations of Law and FinanceCenter for European TranformationCEPR Keynote speaker(s): Jill Fisch (University of Pennsylvania)Jose-Luis Peydro (Imperial College London and CEPR) Description: The organizing committee invites submissions of high-quality theoretical or empirical research papers on the[…]