dollarization plays a vital role in the understanding of vulnerability and its implications (from a general equilibrium perspective … unanticipated movements in firm’s debt burden which directly affect their net worth. Not surprisingly, liability dollarization plays … these significant contributions to the understanding of the consequences of liability dollarization for output fluctuations …

We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … insurance against liquidity preference shocks. Unofficial dollarization has been a common phenomenon in emerging market … single digits. We refer to this phenomenon as a "dollarization hysteresis paradox." It has also been observed in these …

We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … insurance against liquidity preference shocks. Unofficial dollarization has been a common phenomenon in emerging market … single digits. We refer to this phenomenon as a "dollarization hysteresis paradox." It has also been observed in these …

This paper revisits the Chilean experience with dollarization, indexation and nominalization in the 1958-2003 period …. The purpose is to understand how Chile generally avoided dollarization and actually dedollarized in the 80s in order to … dollarization can be avoided …

Financial dollarization has been placed at the forefront of the policy debate in many developing economies, for reasons …