• Focus Area -
  • 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

Fellow Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to…

Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to enhance our understanding of the financial and economic consequences of the sustainable energy transition and to design effective policies to balance risk and growth prospects.

Prior to joining KAPSARC, Dr. Yilmaz worked as an economist at the Central Bank of the Republic of Turkey, where he was actively involved in the research and the design of policies for the private and banking sectors. He also worked as a consultant for the World Bank and spent a year as an assistant professor of economics at ADA University.

He has authored various academic and policy articles and attended academic conferences and workshops. He holds a Ph.D. in economics from the University of Calgary.

Expertise

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

Publications See all Fatih Yılmaz’s publications

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