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An empirical investigation on dollarization and currency devaluation : a case study of Tanzania
Musoke, Zakia - 2017
The debate regarding the usage of domestic currency versus dollarizing an economy is still robust in many developing countries. Dollarizing an economy commonly entails dollarizing bank deposits and loans, transacting in dollars and tagging prices of goods and services in dollar. In Tanzania,...
Persistent link: https://www.econbiz.de/10011609303
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The twin risks in the dollarization debate: country and devaluation risks
Druck, Pablo; Morón Pastor, Eduardo Andrés; Stein, Ernesto - 2001
Persistent link: https://www.econbiz.de/10001648594
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Devaluations, deposit dollarization, and household heterogeneity
Ferrante, Francesco; Gornemann, Nils - 2022
Persistent link: https://www.econbiz.de/10012939014
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A Constitutional Dollar Does Not Devalue
Guzelian, Christopher P. - 2022
This article shows that the United States Dollar has been unconstitutional since at least the Civil War. Congresses and central bankers often weaken its value. In a previous article, I demonstrated that the largely valueless Dollar causes human poverty and environmental damage. If Congress...
Persistent link: https://www.econbiz.de/10013289919
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Devaluations, Deposit Dollarization, and Household Heterogeneity
Ferrante, Francesco; Gornemann, Nils - 2022
We study the aggregate and re-distributive effects of currency devaluations in a small open economy heterogeneous households model with leverage-constrained banks. Our framework captures three stylized facts about liability dollarization in emerging economies: i) banks and firms borrow in...
Persistent link: https://www.econbiz.de/10013300268
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The pros and cons of full dollarization
Berg, Andrew; Borensztein, Eduardo - 2000
Persistent link: https://www.econbiz.de/10001503601
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The Pros and Cons of Full Dollarization
Borensztein, Eduardo - 2021
We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper integration into world markets. One cost is the transfer of seigniorage to the...
Persistent link: https://www.econbiz.de/10013212036
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Full Dollarization : The Pros and Cons
Borensztein, Eduardo - 2000
Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country’s currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S....
Persistent link: https://www.econbiz.de/10014411050
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Effect of Official Dollarization on a Small Open Economy : Ecuador
Tas, Bedri Kamil Onur - 2011
This paper investigates the effects of dollarization on the macroeconomic performance of a small open economy, Ecuador … uncertainty and money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after … dollarization improved the macroeconomic performance of Ecuador and changed the money-price relationship in Ecuador. The results are …
Persistent link: https://www.econbiz.de/10013118734
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20 Years of Dollarization in Ecuador : A Synthetic Control Analysis
Cachanosky, Nicolas; Ramseur, John - 2020
This paper uses a Synthetic Control Analysis to examine the economic effectiveness of dollarization in Ecuador. We …
Persistent link: https://www.econbiz.de/10014094372