Search Results - subject:"Partial dollarization"

Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy

Han, Fei - International Monetary Fund (IMF) - 2014

This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, Chinaâ€™s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open and partially dollarized economy is developed and...

Persistent link: https://www.econbiz.de/10011142105

Currency Mismatch: New Database and Indicators for Latin America and the Caribbean

Tobal, Martín - Centro de Estudios Monetarios Latinoamericanos (CEMLA) - 2013

I construct a database on currency mismatch in the private banking sector that offers several advantages over existing data sources. The data are broken down by currency and, therefore, are better suited for calculating currency mismatches than the data based on the residence principle that are...

Persistent link: https://www.econbiz.de/10010933443

Bayesian Estimation of a Simple Macroeconomic Model for a Small Open and Partially Dollarized Economy

Salas, Jorge - Banco Central de Reserva del Perú - 2010

I describe a simple new-keynesian macroeconomic model for a small open and partially dollarized economy, which closely resembles the Quarterly Projection Model (QPM) developed at the Central Bank of Peru (Vega et al. (2009)). Then I use Bayesian techniques and quarterly data from Peru to...

Persistent link: https://www.econbiz.de/10008526375

Uncovered interest parity in a partially Dollarized developing country: Does UIP hold in Bolivia (and if not, why not?)

Melander, Ola - 2009

According to the Uncovered Interest Parity (UIP) condition, interest rate differentials compensate for expected exchange rate changes, equalizing the expected returns from holding assets which only differ in terms of currency denomination. In the previous literature, there are many tests of UIP...

Persistent link: https://www.econbiz.de/10010281302

Uncovered Interest Parity in a Partially Dollarized Developing Country: Does UIP Hold in Bolivia? (And If Not, Why Not?)

Melander, Ola - Economics Institute for Research (SIR), … - 2009

-varying risk premium, as well as deviations from rational expectations. Keywords: Uncovered interest parity, UIP, partial … dollarization, time-varying risk premium, peso problem, rational expectations. JEL codes: E43, F31, G15. The author gratefully …

Persistent link: https://www.econbiz.de/10005014555

La dolarización financiera: experiencia internacional y perspectivas para Colombia

Rincón, Carlos E. León; Herault, Alejandro Revéiz - In: Revista de Economía Institucional 10 (2008) January-June, pp. 313-341

functions of domestic currency, but there are many economies which have permitted partial dollarization. Based on international …

Persistent link: https://www.econbiz.de/10005747274

Testing the UIP hypothesis-using data from partially dollarized developing countries

Mengistu, Andualem - In: International journal of economics and finance 6 (2014) 4, pp. 135-146

Persistent link: https://www.econbiz.de/10010348336

An estimated stochastic general equilibrium model with partial dollarization : a Bayesian approach

Castillo B., Paul; Montoro, Carlos; Tuesta R., Vicente - In: Open economies review 24 (2013) 2, pp. 217-265

Persistent link: https://www.econbiz.de/10009739732

An Estimated Stochastic General Equilibrium Model with Partial Dollarization: A Bayesian Approach

Castillo, Paul; Montoro, Carlos; Tuesta, Vicente - In: Open Economies Review 24 (2013) 2, pp. 217-265

In this paper, we develop and estimate a dynamic stochastic, general-equilibrium New Keynesian model with partial … dollarization. Bayesian techniques and Peruvian data are used to evaluate two forms of dollarization: currency substitution (CS) and … price dollarization (PD). The empirical results are as follow: first, it is noted that the two forms of partial …

Persistent link: https://www.econbiz.de/10010865252