Ozsoz, Emre; Rengifo, Erick W.; Salvatore, Dominick - In: Emerging Markets Finance and Trade 46 (2010) 4, pp. 5-22
In highly dollarized banking systems, the high level of foreign currency assets or liabilities on banks' balance sheets may create a currency mismatch risk, which could lead to bank failures when faced with sudden exchange rate movements. Central banks in such economies have to adjust their...