From Carry Trades to Trade Credit: Financial Intermediation by Non-financial Corporations
Published Date
Copyright 2025
DOI 10.1016/j.jinteco.2024.103988
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Copy CitationBryan Hardy and Felipe Saffie, International Fragmentation, Supply Chains, and Financial Frictions (Elsevier, Journal of International Economics, special issue, 2023), https://www.nber.org/books-and-chapters/international-fragmentation-supply-chains-and-financial-frictions/carry-trades-trade-credit-financial-intermediation-non-financial-corporations.
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Working Paper
We use unique firm-level data from Mexico to document that non-financial corporations engage in carry trades by...
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