Series: IMF Working Papers
Author(s): David Cook , and Woon Choi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2002
Keywords: bank balance sheet channel, exchange rate, inflation, nominal exchange rate, real interest rate,
Banks in developing economies often face a mismatch in the currency denomination of their liabilities (foreign currency denominated debt) and assets (domestic currency loans to domestic borrowers). We study the eff...