Goswami et al., 2004 - Google Patents
Why do global firms use currency swaps?: Theory and evidenceGoswami et al., 2004
- Document ID
- 997374132406751990
- Author
- Goswami G
- Nam J
- Shrikhande M
- Publication year
- Publication venue
- Journal of Multinational Financial Management
External Links
Snippet
Globalization has reduced capital market imperfections and barriers, and led to significant foreign competition in product-markets giving rise to economic exposure of firms. We show that the firms' preference for currency swaps is determined by their economic exposure. Our …
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