Journal Article

External debt sheds light on drivers of exchange rate fluctuations


Abstract: During a financial panic, a major driver of exchange rate fluctuations is a country?s amount of external debt, or funds borrowed from foreign lenders. However, not all debt has the same impact on rate movements.

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic Letter

Publication Date: 2015-04

Volume: 10

Issue: 4

Pages: 1-4