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Intro -- Contents -- I. INTRODUCTION -- II. PROS OF DOLLARIZATION: ANALYTICAL CONSIDERATIONS AND EMPIRICAL EVIDENCE -- III. CONS OF DOLLARIZATION -- IV. CHOICES OF CURRENCY REGIMES IN POSTCONFLICT COUNTRIES -- V. CONCLUSIONS: IS LIBERIA A CANDIDATE FOR FULL, DE JURE DOLLARIZATION? -- References.
Persistent link: https://www.econbiz.de/10012691035
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. ANALYTICAL FRAMEWORK, KEY CONCEPTS, AND DATA -- IV. FOREIGN CURRENCY MISMATCHES IN GEORGIA -- V. ADDRESSING BALANCE-SHEET VULNERABILITIES IN GEORGIA -- VI. CONCLUSIONS AND POLICY IMPLICATIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691088
Intro -- Contents -- I. INTRODUCTION -- II. SUPERVISORY PRACTICES -- III. TOWARDS GOOD PRACTICES -- COUNTRY PRACTICES: SURVEY RESULTS -- CURRENCY-INDUCED CREDIT RISK IN SELECTED BANKING SYSTEMS -- References.
Persistent link: https://www.econbiz.de/10012691102
Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher...
Persistent link: https://www.econbiz.de/10012677528
High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii) banks are lending on these funds to emerging market...
Persistent link: https://www.econbiz.de/10012677635
This paper develops a theory of international currency portfolios that holds in general equilibrium, and that is therefore not subject to the criticisms directed at the portfolio balance literature of the 1980s. It shows that, under plausible assumptions about fiscal policy, the relationship...
Persistent link: https://www.econbiz.de/10012677715
Persistent link: https://www.econbiz.de/10012678175
The public debt profile has improved in Bolivia in recent years, with regard to both the maturity structure and the currency composition. This paper analyzes changes in the public debt profile in Bolivia since 2000, and the role played by macroeconomic factors and the debt management strategy...
Persistent link: https://www.econbiz.de/10014409036
This paper shows that the response of inflation to external shocks is very different when the authorities target the real exchange rate than when they follow a fixed exchange rate or a preannounced crawling peg. Specifically, shocks that would have no effect on the steady-state inflation rate...
Persistent link: https://www.econbiz.de/10005248257
This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and...
Persistent link: https://www.econbiz.de/10005826624