Do Firms Believe in Interest Rate Parity?
Matthew R. McBrady; Sandra Mortal; Michael J. Schill;
- Journal: Review of Finance,volume 14,issue 4,pages695-726
Using a broad sample of international corporate bond offerings, we provide evidence that corporate borrowers make opportunistic currency choices, in that they denominate the currency of their bonds in a manner that is inconsistent with a belief in either covered or unco... View more
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