Gomis-Porqueras, Pere; Serrano, Carlos; Somuano, Alejandro - In: Journal of Economics and Finance 29 (2005) 2, pp. 259-270
In this paper we analyze the evolution of dollar-denominated accounts in Latin America, and how they impact the stability of the banking system and the volatility of macroeconomic aggregates. Our findings reveal that dollar deposits are strongly influenced by depreciation expectations of the...
