Investment, devaluation, and foreign currency exposure: The case of Mexico

By Mark Aguiar. 2005

222 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/592ced73b72541c7f0acaa8726de22f7def41080

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. C. Fritz Foley
2. Mihir A. Desai
3. Sebnem Kalemli‐ozcan
4. Kristin J. Forbes
5. Hanno Lustig
6. Zhengyang Jiang
7. Jeremy C. Stein
8. Gita Gopinath

In Finance

1. Sebnem Kalemli‐ozcan
2. Arvind Krishnamurthy
3. Jeremy C. Stein
4. Hanno Lustig
5. Zhengyang Jiang
6. Mihir A. Desai
7. Kristin J. Forbes
8. Gita Gopinath

Citations in the corpus

• U.S. Monetary Policy and International Risk Spillovers (2019, background): “…(2015), Miranda-Agrippino and Rey (2019), and Jiang et al. (2019) develop models that center on balance sheet currency currency mismatches, there can be real effects such as a persistent decline in investment and output during large depreciation events (Aguiar (2005), Kalemli-Ozcan et al. (2016)).”
• Banking, Trade, and the Making of a Dominant Currency* (2020, background): “Importantly, this dollar borrowing is inmany cases done by €rms that do not have corresponding dollar revenues, so that these €rms end up with a currency mismatch, and can be harmed by dollar appreciation (Aguiar (2005), Du and Schreger (2014), Kalemli-Ozcan, Kamil, and Villegas-Sanchez (2016)).”
• Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations (2008, background): “Krueger and Tornell (1999) provide empirical evidence at the sectoral level, and Aguiar (2005) and Forbes (2002a, 2002b) provide empirical evidence at the firm-level.(5) In particular, Forbes (2002b) shows that firms with”
• Dollar Safety and the Global Financial Cycle (2020, background): “In our model, the U.S. is a supplier of safe dollar bonds to the rest of the world, thus explain3See Aguiar (2005), Bleakley and Cowan (2008), and Kalemli-Ozcan, Kamil and Villegas-Sanchez (2016) for evidence on the real impact of currency mismatch.”
• Emerging market exchange rate exposure (2008, unknown): “Aguiar (2005) finds that Mexican firms with a large share of their”
• Corporate Dollar Debt and Depreciations: Much Ado About Nothing? (2005, unknown): “Aguiar (2002) and Pratap et al (2003) look at the investment behavior of publicly listed Mexican …rms.”