Search Results

Showing results 1 to 1 of approximately 1.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:derivatives hedging 

Report
Real Consequences of Foreign Exchange Derivatives Hedging

I exploit a quasi-natural experiment in South Korea to examine the real effects of foreign exchange derivatives (FXD) hedging. By using cross-bank variation in the tightness of an FX regulation designed to discourage risk-taking by financial intermediaries, I show that the regulation caused a decline in the supply of FXD, resulting in a substantial reduction in exports, especially for small firms that relied heavily on FXD hedging. I provide a mechanism involving firms’ costly external financing, as well as their costly switching of banking relationships and banks’ costly equity ...
Staff Reports , Paper 989

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

Report 1 items

FILTER BY Author

FILTER BY Jel Classification

E44 1 items

F31 1 items

G15 1 items

G28 1 items

G32 1 items

PREVIOUS / NEXT