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You are asked to lend money for a major commercial real estate development in a foreign country. There is some talk about a further devaluation
You are asked to lend money for a major commercial real estate development in a foreign country. There is some talk about a further devaluation of the foreign country's currency. What information do you need to assess the creditworthiness of this project? In your evaluation of the project, be sure to take into account translation exposure and economic exposure (operating and transaction), as well as exchange risk. Please cite any references used in.
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