Countries have taken substantial steps to help local firms mitigate their exposure to currency risk by issuing debt denominated in their domestic currencies and by promoting local currency bond ...

THE HAGUE, Netherlands - Europe's monetary union appears saved. For now. Although relief prevailed after Monday's Greek bailout announcement, key questions remain about whether the euro currency will ...

Under conditions of chronic exchange rate overshooting and mildly segmented capital markets, optimal currency denomination decision rules for international debt financing are derived for risk-neutral ...