create a website

The Predominance of Balance Sheet Effect versus Competitiveness Effect of Exchange Rate on Brazilian Companies. (2021). Junior, Wilson Tarantin ; Toneto, Rudinei ; Do, Mauricio Ribeiro ; Vieira, Maria Paula.
In: International Journal of Economics and Finance.
RePEc:ibn:ijefaa:v:12:y:2021:i:12:p:107.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 25

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Aghion, P., Bacchetta, P., & Banerjee, A. (2001). Currency Crises and Monetary Policy in an Economy with Credit Constraints. European Economic Review, 45(7), 1121-1150.

  2. Arida, P., Bacha, E. L., Resende, A. L. (2005). Credit, Interest, and Jurisdictional Uncertainty: Conjectures on the Case of Brazil. In F. Giavazzi, I. Goldfajn, & S. Herrera (Eds.), Inflation Targeting, Debt and the Brazilian Experience, 1999 to 2003 (pp. 265-93). Cambridge: MIT Press.
    Paper not yet in RePEc: Add citation now
  3. Barajas, A., Restrepo, S., Steiner, R., Medellin, J. C., & Pabó n, C. (2016). Balance sheet effects in Colombian non-financial firms. IDB Working Paper Series, n. 740. ttps://doi.org/10.18235/0000512 Benavente, J. M., Johnson, C. A., & Morandé , F. G. (2003). Debt composition and balance sheet effects of exchange rate depreciations: A firm-level analysis for Chile. Emerging Markets Review, 4, 397-416.

  4. Calvo, G. A. (2001). Capital Markets and the Exchange Rate with Special Reference to the Dollarization Debate in Latin America. Journal of Money, Credit, and Banking, 33(2), 312-334. https://doi.org/10.2307/2673902 Calvo, G. A. (2003). On Dollarization. Economics of Transition. https://doi.org/10.1111/1468-0351.00117 Carranza, L. J., Cayo, J. M., & Galdon-Sanches, J. E. (2003). Exchange rate volatility and economic performance in Peru: A firm level analysis. Emerging Markets Review, 4, 472-496.

  5. Cowan, K., Hansen, E., & Herrera, L. O. (2005). Currency Mismatches, Balance Sheet Effects and Hedging in Chilean Nonfinancial Corporations. Central Bank of Chile Working Papers, n. 346. https://doi.org/10.2139/ssrn.674081 Echeverry, J. C., Fergusson, L., Steiner, R., & Aguilar, C. (2003). „Dollar‟ debt in Colombian firms: Are sinners punished during devaluations? Emerging Markets Review, 4(4), 417-449.

  6. Emerging Markets Review, 21, 265-287. https://doi.org/10.1016/j.ememar.2014.09.003 Fazzari, S. M., Hubbard, R. G., & Petersen, B. C. (1988). Financing Constraints and Corporate Investment.

  7. Finance and Economics Discussion Series. Divisions of Research & Statistics and Monetary Affairs -Federal Reserve Board, Washington, D.C. Electronic Copy. https://doi.org/10.17016/FEDS.2008.18 Bleakley, H., & Cowan, K. (2008). Corporate Dollar Debt and Depreciation: Much Ado about Nothing? The Review of Economics and Statistics, 90(4), 612-626. https://doi.org/10.2139/ssrn.366760 Bonomo, M., Martins, B., & Pinto, R. (2003). Debt Composition and Exchange Rate Balance Sheet Effect in Brazil: A Firm Level Analysis. Emerging Markets Review, 4(4), 368-396.
    Paper not yet in RePEc: Add citation now
  8. Forbes, K. J. (2002). How Do Large Depreciations Affect Firm Performance? IMF Staff Papers, 49. https://doi.org/10.3386/w9095 Franco, G. (2011). Por que juros tã o altos, e o caminho para a normalidade. In G. Franco, A. L. Resende, S. Pessoa, & M. Nakane (Eds.), Por que os juros sã o altos no Brasil?(pp. 21-59). CLP Papers.

  9. Galiani, S., Yeyati, E. L., & Schargrodsky, E. (2003). Financial Dollarization and Debt Deflation Under a Currency Board: The Case of Argentina. IDB – Research Department Latin American Research Network.

  10. Hausmann, R., Panizza, U., & Stein, E. (2001). Why Do Countries Float the Way They Float? Journal of Development Economics, 66(2), 387-414. https://doi.org/10.1016/S0304-3878(01)00168-7 Hubbard, R. G. (1998). Capital-Market Imperfections and Investment. Journal of Economic Literature, 36(1), 193-225.

  11. https://doi.org/10.1016/S0014-2921(00)00100-8 Aguiar, M. (2005). Investment, devaluation, and foreign currency exposure: The case of Mexico. Journal of Development Economics, 78, 95-113. https://doi.org/10.1016/j.jdeveco.2004.06.012 Alvarez, R., & Hansen, E. (2017). Corporate currency risk and hedging in Chile: real and financial effects. IDB Working Paper Series, n. 769.

  12. https://doi.org/10.1016/S1566-0141(03)00059-1 Garcia, A. T., & Escobar, L. W. (2018). Commodity Prices Shocks and the Balance Sheet Effect in Latin America.

  13. https://doi.org/10.1016/S1566-0141(03)00060-8 Galindo, A., Panizza, U., & Schiantarelli, F. (2003). Debt composition and balance sheet effects of currency depreciation: a summary of the micro evidence. Emerging Markets Review, 4, 330-339.

  14. https://doi.org/10.1016/S1566-0141(03)00061-X Bruno, V., & Shin, H. S. (2018). Currency depreciation and emerging market corporate distress. BIS Working Papers No 753.

  15. https://doi.org/10.1016/S1566-0141(03)00062-1 Bernanke, B. M., Gertler, M., & Gilchrist, S. (1999). The Financial Accelerator in a Quantitive Business Cycle Framework. In J. Taylor, & M. Woodofrd (Eds.), Handbook of Macroeconomics (vol. 1C, pp. 1341-1393).

  16. https://doi.org/10.1016/S1566-0141(03)00063-3 ijef.ccsenet.org International Journal of Economics and Finance Vol. 12, No. 12; 2020 Endré sz, M., & Harastosi, P. (2014). Corporate foreign currency borrowing and investment: The case of Hungary.
    Paper not yet in RePEc: Add citation now
  17. https://doi.org/10.1016/S1566-0141(03)00064-5 Rossi JR, J. L. (2007). The Use of Currency Derivatives by Brazilian Companies: An Empirical Investigation.

  18. https://doi.org/10.1016/S1566-0141(03)00066-9 Cespedes, L. F., Chang, R., & Velasco, A. (2004). Balance Sheets and Exchange Rate Policy. American Economic Review, 4(4), 1183-1193. https://doi.org/10.1257/0002828042002589 Cicco, J. G., & Kawamura, E. (2016). Effects of foreign currency debt on non-financial Latin American firms: evidence from the 2000s. IDB Technical Note, n. 1103.

  19. Ihrig, J., & Prior, D. (2005). The effect of exchange rate fluctuations on multinationals‟ returns. Journal of Multinational Financial Management, 15, 273-286. https://doi.org/10.1016/j.mulfin.2004.09.004 Kamil, H. (2004). A New Database on the Currency Composition and Maturity Structure of Firms‟ Balance Sheets in Latin America, 1990-2002. IDB Bank Policy Seminar on Currency Mismatches.
    Paper not yet in RePEc: Add citation now
  20. Kamil, H. (2012). How Do Exchange Rate Regimes Affect Firms‟ Incentives to Hedge Currency Risk? Micro Evidence for Latin America. IMF Working Paper 12/69. https://doi.org/10.5089/9781463939052.001 Krugman, P. (1999). Balance Sheets, the Transfer Problem, and Financial Crises. International Tax and Public Finance, 6(4), 459-472. https://doi.org/10.1023/A:1008741113074 Pellon, J. M., & Ferrer, M. A. (1989). Investment-Cash Flow Sensitivity in Small and Medium-Sized Enterprises at the Expansion Stage. Revista Internacional de la Pequeñ a y Mediana Empresa, 1(4).

  21. National Bureau of Economic Research, WP2387. https://doi.org/10.2307/2534426 Fisher, I. (1911). The purchasing power of money. New York: Macmillan.
    Paper not yet in RePEc: Add citation now
  22. North Holland. https://doi.org/10.1016/S1574-0048(99)10034-X Berrospide, J. (2008). Exchange Rates, Optimal Debt Composition, and Hedging in Small Open Economies.

  23. Pessoa, S., & Nakane, M. (2011). O processo de Formaç ã o da Taxa de Juros no Brasil. In G. Franco, A. L. Resende, S. Pessoa, & M. Nakane (Eds.), Por que os juros sã o altos no Brasil?(CLP Papers, pp. 59-93).
    Paper not yet in RePEc: Add citation now
  24. Pratap, S., Lobato, I., & Somunao, A. (2003). Debt composition and balance sheet effects of exchange rate volatility in Mexico: A firm level analysis. Emerging Markets Review, 4, 450-471.

  25. Universidad EAFIT – Documentos de Trabajo no. 18-06. Retrieved from http://www.academia.edu/36923964/Commodity_Prices_Shocks_and_the_Balance_Sheet_Effect_in_Latin_ America Gelos, G. (2003) Foreign currency debt in emerging markets: Firm-level evidence from Mexico. Economic Letters, 78(3), 323-327. https://doi.org/10.1016/S0165-1765(02)00267-7 Hardy, B. (2018). Foreign Currency Borrowing, Balance Sheet Shocks, and Real Outcomes. BIS Working Paper No 758.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Financial innovation in sovereign borrowing and public provision of liquidity. (2015). Gomez-Gonzalez, Patricia.
    In: Working Papers.
    RePEc:bde:wpaper:1511.

    Full description at Econpapers || Download paper

  2. External vulnerability, balance sheet effects, and the institutional framework — Lessons from the Asian crisis. (2012). Perrelli, Roberto ; Mulder, Christian ; Rocha, Manuel Duarte.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:21:y:2012:i:1:p:16-28.

    Full description at Econpapers || Download paper

  3. Currency mismatch, openness and exchange rate regime choice. (2010). Magud, Nicolas.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:32:y:2010:i:1:p:68-89.

    Full description at Econpapers || Download paper

  4. Recessions and Financial Disruptions in Emerging Marketes: A Birds Eye View. (2010). Terrones, Marco ; Kose, Ayhan ; Claessens, Stijn.
    In: Journal Economía Chilena (The Chilean Economy).
    RePEc:chb:bcchec:v:13:y:2010:i:2:p:55-84.

    Full description at Econpapers || Download paper

  5. A simple macro model of Original Sin based on optimal price setting under incomplete information. (2009). Ludwig, Alexander ; Lindner, Axel.
    In: International Economics and Economic Policy.
    RePEc:kap:iecepo:v:6:y:2009:i:4:p:345-359.

    Full description at Econpapers || Download paper

  6. Financial Crises and International Trade: The Long Way to Recovery. (2009). Berman, Nicolas.
    In: Economics Working Papers.
    RePEc:eui:euiwps:eco2009/23.

    Full description at Econpapers || Download paper

  7. Current Account and External Financing: An Introduction. (2008). Edwards, Sebastian ; Valdes, Rodrigo O. ; Cowan, Kevin.
    In: Central Banking, Analysis, and Economic Policies Book Series.
    RePEc:chb:bcchsb:v12c01pp001-023.

    Full description at Econpapers || Download paper

  8. Are International Interest Rate Differentials Driven by the Risk Premium? The Case of Asian Countries. (2007). Bouvatier, Vincent.
    In: Economics Bulletin.
    RePEc:ebl:ecbull:eb-07e40001.

    Full description at Econpapers || Download paper

  9. Financial market imperfections and the impact of exchange rate movements. (2006). Berthou, Antoine ; Berman, Nicolas.
    In: Post-Print.
    RePEc:hal:journl:halshs-00118834.

    Full description at Econpapers || Download paper

  10. Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects. (2005). Loo-Kung, Rudy ; Izquierdo, Alejandro ; Calvo, Guillermo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11492.

    Full description at Econpapers || Download paper

  11. International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile. (2005). De Gregorio, Jose ; Cowan, Kevin.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11382.

    Full description at Econpapers || Download paper

  12. The Microeconomic Evidence on Capital Controls: No Free Lunch. (2005). Forbes, Kristin.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11372.

    Full description at Econpapers || Download paper

  13. An Estimated Small Open Economy Model of the Financial Accelerator. (2005). Elekdag, Selim ; Tchakarov, Ivan ; Espigares, Alejandro Justiniano.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2005/044.

    Full description at Econpapers || Download paper

  14. What drives international bank flows? Politics, institutions and other determinants. (2005). Papaioannou, Elias.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005437.

    Full description at Econpapers || Download paper

  15. Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections. (2004). Bayer, Christian.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0411018.

    Full description at Econpapers || Download paper

  16. On the Interaction of Financial Frictions and Fixed Capital Adjustment Costs: Evidence from a Panel of German Firms. (2004). Bayer, Christian.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0410006.

    Full description at Econpapers || Download paper

  17. Indicators of financial crises do work! An early-warning system for six Asian countries. (2004). Kuper, Gerard ; Jacobs, Jan.
    In: International Finance.
    RePEc:wpa:wuwpif:0409004.

    Full description at Econpapers || Download paper

  18. Indicators of financial crises do work! An early-warning system for six Asian countries. (2004). Kuper, Gerard ; Jacobs, Jan.
    In: International Finance.
    RePEc:wpa:wuwpif:0409001.

    Full description at Econpapers || Download paper

  19. SOURCES OF ASIAN CURRENCY CRISIS. (2004). Zulkhibri, Muhamed.
    In: International Finance.
    RePEc:wpa:wuwpif:0405020.

    Full description at Econpapers || Download paper

  20. Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections. (2004). Bayer, Christian.
    In: Econometrics.
    RePEc:wpa:wuwpem:0405001.

    Full description at Econpapers || Download paper

  21. Exchange Rate and Inflation Dynamics in Dollarized Economies. (2004). Gómez Biscarri, Javier ; Galdon-Sanchez, Jose ; Carranza, Luis.
    In: Faculty Working Papers.
    RePEc:una:unccee:wp1004.

    Full description at Econpapers || Download paper

  22. Escape Dynamics: A Continuous Time Approximation. (2004). Kolyuzhnov, Dmitri ; Bogomolova, Anna.
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:190.

    Full description at Econpapers || Download paper

  23. Dollar Shortages and Crises. (2004). Rajan, Raghuram.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10845.

    Full description at Econpapers || Download paper

  24. When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies. (2004). Vegh, Carlos ; Reinhart, Carmen ; Kaminsky, Graciela.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10780.

    Full description at Econpapers || Download paper

  25. Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises. (2004). Forbes, Kristin ; Desai, Mihir A. ; Foley, Fritz C..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10545.

    Full description at Econpapers || Download paper

  26. Fear of Sudden Stops: Lessons from Australia and Chile. (2004). Kearns, Jonathan ; Cowan, Kevin ; Caballero, Ricardo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10519.

    Full description at Econpapers || Download paper

  27. Country spreads and emerging countries: who drives whom?. (2004). Yue, Vivian ; Uribe, Martín ; Devereux, Michael B. ; Cook, David.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2004:i:jun:x:6.

    Full description at Econpapers || Download paper

  28. Debt composition and exchange rate balance sheet effects in Brazil: a firm level analysis. (2004). Pinto, Rodrigo ; Bonomo, Marco ; Rodrigo Ribeiro Antunes Pinto, ; Betina Guimar, .
    In: FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE).
    RePEc:fgv:epgewp:535.

    Full description at Econpapers || Download paper

  29. The Role of Firm Size in Controlling Output Volatility during the Asian Financial Crisis. (2004). Chen, Hung-Ju.
    In: Econometric Society 2004 North American Summer Meetings.
    RePEc:ecm:nasm04:11.

    Full description at Econpapers || Download paper

  30. Escape Dynamics: A Continuous Time Approximation. (2004). Kolyuzhnov, Dmitri ; Bogomolova, Anna.
    In: Econometric Society 2004 Latin American Meetings.
    RePEc:ecm:latm04:27.

    Full description at Econpapers || Download paper

  31. Fear of Sudden Stops: lessons from Australia and Chile. (2004). Kearns, Jonathan ; Cowan, Kevin ; Caballero, Ricardo.
    In: Econometric Society 2004 Latin American Meetings.
    RePEc:ecm:latm04:185.

    Full description at Econpapers || Download paper

  32. Sudden Stops and Liability Dollarization: Evidence from East Asian Financial Intermediaries. (2004). Cook, David ; Chue, Timothy.
    In: Econometric Society 2004 Far Eastern Meetings.
    RePEc:ecm:feam04:646.

    Full description at Econpapers || Download paper

  33. Escape Dynamics: A Continuous Time Approximation. (2004). Kolyuzhnov, Dmitri ; Bogomolova, Anna.
    In: Econometric Society 2004 Far Eastern Meetings.
    RePEc:ecm:feam04:557.

    Full description at Econpapers || Download paper

  34. Fundamentals and joint currency crises. (2004). Hartmann, Philipp ; de Vries, Casper ; Straetmans, Stefan.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2004324.

    Full description at Econpapers || Download paper

  35. Excessive Liability Dollarization in a Simple Signaling Model. (2004). Vranceanu, Radu ; Besancenot, Damien.
    In: ESSEC Working Papers.
    RePEc:ebg:essewp:dr-04001.

    Full description at Econpapers || Download paper

  36. Chaotic Dynamics in Credit Constrained Emerging Economies. (2004). Caballe, Jordi ; Jarque, Xavier .
    In: UFAE and IAE Working Papers.
    RePEc:aub:autbar:605.04.

    Full description at Econpapers || Download paper

  37. Financial dollarization and central bank credibility. (2003). Do, Quy-Toan ; Cowan, Kevin.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:3082.

    Full description at Econpapers || Download paper

  38. Exchange Rate Volatility and Economic Performance in Peru: A Firm Level Analysis. (2003). Galdon-Sanchez, Jose ; Carranza, Luis ; Cayo, Juan M..
    In: Faculty Working Papers.
    RePEc:una:unccee:wp1203.

    Full description at Econpapers || Download paper

  39. Business Cycles and Macroeconomic Policy in Emerging Market Economies. (2003). Lane, Philip.
    In: Trinity Economics Papers.
    RePEc:tcd:tcduee:20032.

    Full description at Econpapers || Download paper

  40. Financial Instability under Floating Exchange Rates. (2003). Vranceanu, Radu ; Besancenot, Damien.
    In: ESSEC Working Papers.
    RePEc:ebg:essewp:dr-03011.

    Full description at Econpapers || Download paper

  41. Mis-Leading Indicators?: The Argentinean Currency Crisis. (2003). Schrooten, Mechthild ; Plata, Patricia Alvarez .
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp327.

    Full description at Econpapers || Download paper

  42. Financial globalization : unequal blessings. (2002). Schmukler, Sergio ; Levy Yeyati, Eduardo ; de la Torre, Augusto.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:2903.

    Full description at Econpapers || Download paper

  43. Understanding Bilateral Exchange Rate Volatility. (2002). Lane, Philip ; Devereux, Michael.
    In: Trinity Economics Papers.
    RePEc:tcd:tcduee:200211.

    Full description at Econpapers || Download paper

  44. Corporate dollar debt and depreciations: much ado about nothing?. (2002). Cowan, Kevin ; Bleakley, Hoyt.
    In: Working Papers.
    RePEc:fip:fedbwp:02-5.

    Full description at Econpapers || Download paper

  45. Dynamic General Equilibrium Analysis: The Open Economy Dimension. (2002). Lane, Philip ; Ganelli, Giovanni.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:3540.

    Full description at Econpapers || Download paper

  46. Exchange Rates and Monetary Policy in Emerging Market Economies. (2001). Lane, Philip ; Devereux, Michael.
    In: CEG Working Papers.
    RePEc:tcd:tcdceg:20017.

    Full description at Econpapers || Download paper

  47. A Corporate Balance-Sheet Approach to Currency Crises. (2001). Banerjee, Abhijit ; Bacchetta, Philippe ; Aghion, Philippe.
    In: Cahiers de Recherches Economiques du Département d'économie.
    RePEc:lau:crdeep:01.14.

    Full description at Econpapers || Download paper

  48. Corporate Financial Policies and Performance Around Currency Crises. (2001). Koskinen, Yrjö ; Pons, Vicente ; Bris, Arturo.
    In: SSE/EFI Working Paper Series in Economics and Finance.
    RePEc:hhs:hastef:0467.

    Full description at Econpapers || Download paper

  49. Financial Dollarization and Debt Deflation Under a Currency Board: The Case of Argentina. (). Levy Yeyati, Eduardo ; LEVY-YEYATI, EDUARDO.
    In: DCBSLA Series.
    RePEc:idb:dcbsla:3.

    Full description at Econpapers || Download paper

  50. Debt Composition and Balance Sheet Effects of Exchange and Interest Rate Volatility in Brazil. (). Bonomo, Marco.
    In: DCBSLA Series.
    RePEc:idb:dcbsla:1.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-29 23:42:06 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.