• Initiative -
  • Type External journal article
  • Date 20 March 2020
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Abstract

We show that firms’ natural hedges and banks’ foreign currency (FX) liabilities strongly dollarize credits. Among bank liabilities, the effect of non-core FX liabilities is significantly larger than core FX liabilities.

https://doi.org/10.1016/j.econlet.2020.108992

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Authors

Fatih Yılmaz

Senior Research Associate Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to… Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to enhance our understanding of the financial and economic consequences of the global energy transition towards renewables, and to design effective policies to balance financial risks and growth prospects. Prior to joining KAPSARC, Dr. Yilmaz had worked as an economist in the Structural Economic Research Department of the Central Bank of the Republic of Turkey, where he actively involved in the research and the design of policies for the private and banking sectors. He had also worked as a consultant for the World Bank and took responsibilities in various consulting projects for the Canadian and Turkish Governments. As an academic, he had spent a year as an assistant professor at the ADA University and worked as a graduate assistant at the University of Calgary and at the Western Illinois University, where he had taught several courses in economics and econometrics. Dr. Yilmaz has authored various academic and policy articles, and book chapters in the past. He has involved in the organization of conferences and workshops, and acted as a referee for many academic journals.

Expertise

  • Sustainable Finance and Investment
  • Applied Banking and Finance
  • Corporate Taxation
  • Public Economics and Applied Micro-Econometrics

Publications See all Fatih Yılmaz’s publications

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