This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries … (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the … factors, macroeconomic conditions, and the dynamics of money demand In shaping the dollarization process; it also highlights …

This paper examines El Salvador’s transition to official dollarization by comparing aspects of this regime to the fixed … framework, and it is found that dollarization lowered rates by 4 to 5 percent by reducing currency risk. This has generated net ….S. Federal Reserve policy since dollarization, implying that this policy has served to stabilize economic activity more than it …

with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation … targeting under high liability dollarization. Our findings suggest that it might be optimal to follow a nonlinear policy rule …

This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results …

This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization … in Caucasus, Central Asia and others in the region. This natural level of dollarization is conceptually linked to the … for foreign currency deposits. We calculate the natural dollarization level by integrating structural macroeconomic …

This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of …