Foreign currency borrowing and firm financing constraints in emerging markets: evidence from India
نویسندگان
چکیده
منابع مشابه
MultiFractality in Foreign Currency Markets
The standard hypothesis concerning the behavior of asset returns states that they follow a random walk in discrete time or a Brownian motion in continuous time. The Brownian motion process is characterized by a quantity, called the Hurst exponent, which is related to some fractal aspects of the process itself. For a standard Brownian motion (sBm) this exponent is equal to 0.5. Several empirical...
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Since Keynes (1930) and Hicks (1939) propounded their theory of normal backwardation, the issue of whether hedgers must pay speculators an insurance premium has remained controversial. Recent theoretical developments incorporating the existence of market imperfections have validated the existence of an insurance premium charged to hedgers by speculators. Owing to differences in data sets and ec...
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ژورنال
عنوان ژورنال: Managerial Finance
سال: 2020
ISSN: 0307-4358
DOI: 10.1108/mf-05-2019-0238