Non-Financial Corporate Risk Management and Exchange Rate Volatility in Latin America

Graciela Moguillansky

No DP2002-30, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This article studies the currency risk management of multinational companies with investments in Latin American countries. The analysis is centred on episodes of currency or financial shocks, searching into the behaviour of the financial management of a firm expecting a significant devaluation. This allowed us to explore the interaction and transmission mechanisms between the microeconomic behaviour and the macroeconomic impact on the foreign exchange market.

Keywords: Capital market; Foreign exchange; International business enterprises; International finance; Foreign investments (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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