Series: IMF Working Papers
Author(s): Bo Jiang , and Tahsin Saadi Sedik
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 May 2019
Keywords: Nominal effective exchange rate, Real effective exchange rates, Exchange rate policy, Real exchange rates, Exchange rate adjustments, Asian Emerging Markets, Corporate Debt, Corporate Distress, Global Finacnial Conditions, Exchange Rate Depreciation.
Using a new firm-level dataset with comprehensive information on Asian firms' FX liabilities, we show that Asia's nonfinancial corporate sector is vulnerable to a tightening of global financial conditions. Higher g...