Credit Risk Spreads in Local and Foreign Currencies

Material TypeArticleLanguageEnglish
TitleCredit Risk Spreads in Local and Foreign Currencies Author(S)DAN GALAI (Author)
Abstract  Governments, corporations, and even small firms raise and denominate capital in different currencies. We examine the micro-level factors that should be considered by a borrower when structuring debt denominated in various currencies. This paper will show how the currency composition of debt affects the cost of debt through the interaction with the risk of company's assets ...Paginationp883–901
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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