Debt composition and exchange rate balance sheet effect in Brazil: A firm level analysis

Emerging Markets Review

Volumn 4, Issue 4, 2003, Pages 368-396

  Bonomo, Marco ^a   Martins, Betina ^a   Pinto, Rodrigo ^a  

^a FUNDAÇÃO GETÚLIO VARGAS   (Brazil)

Author keywords

Balance sheet effects; Brazil; Credit constraints; Exchange rate; Investment

Indexed keywords

EID: 0344196675     PISSN: 15660141     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1566-0141(03)00061-X     Document Type: Article

References (14)

1. Aghion P. Bacchetta P. Banerjee A. Currency crises and monetary policy in an economy with credit constraints Eur. Econ. Rev. 45 7 2001 1121-1150
2. Arellano Bond Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations Rev. Econ. Studies 58 1991 277-297
3. Bekaert G., Harvey C.R. 2002. A chronology of important financial, economic and political events in emerging markets, http://www.duke.edu/~charvey/chronology.htm
4. Bernanke B. Gertler M. Inside the black box: the credit channel of monetary policy transmission J. Econ. Persp. 9 1995 27-48
5. Bernanke B. Gertler M. Gilchrist S. The financial accelerator in a quantitative business cycle framework Handbook of Macroeconomics 1c 1999 Elsevier Science Ltd New York
6. Bleakley H. Cowan K. Corporate Dollar Debt and Devaluations: Much Ado About Nothing? 2002 MIT Mimeo
7. Bonomo M. Terra C. The dilemma of inflation vs balance of payments: crawling pegs in Brazil, 1964-1998 In: Frieden J. Stein E. (Eds.) The Currency Game-Exchange Rate Politics in Latin America 2001 119-155 Inter-American Development Bank Washington
8. Forbes, K. 2002. How do large depreciations affect firm performance? NBER Working Paper 9095
9. Hansen L.P. Large sample properties of generalized method of moments estimators Econometrica 49 1982 1377-1398
10. Hayashi F. Tobin's marginal q and average q: a neoclassical interpretation Econometrica 50 1982 213-224
11. Harvey C. Hoper A. The Asian bet In: Harwood A. Litan R.E. Pomerleano M. (Eds.) The Crisis in Emerging Financial Markets 1999 29-115 Brookings Institution Press
12. Hubbard G. Capital-market imperfections and investment J. Econ. Lit 36 1998 193-225
13. Reif T. The Real Side of Currency Crises 2001 Columbia University mimeo
14. Terra, C. 2003, Credit constraints in Brazilian firms: evidence from panel data, Revista Brasileira de Economia, forthcoming