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and cause fear of floating. Consequently, dedollarization policies are now shifting from a generally passive stance … composite financial dollarization index for Turkey along with a brief discussion of corporate sector debt dollarization. The … recent Turkish experience towards endogenous dedollarization appears to be consistent with the view that dedollarization can …
Persistent link: https://www.econbiz.de/10010322110
and cause fear of floating. Consequently, dedollarization policies are now shifting from a generally passive stance … composite financial dollarization index for Turkey along with a brief discussion of corporate sector debt dollarization. The … recent Turkish experience towards endogenous dedollarization appears to be consistent with the view that dedollarization can …
Persistent link: https://www.econbiz.de/10011528297
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This paper develops a model to explain the determinants of financial dollarization. Expanding on the existing literature, our framework allows interest rate differentials to play a role in explaining financial dollarization. It also accounts for the increasing presence of foreign banks in the...
Persistent link: https://www.econbiz.de/10011604794
We analyze the effect of European Union (EU) membership on financial dollarization for the Central and Eastern European countries. Using a unique monthly dataset that spans about two decades, we find that both the accession process toward EU membership and EU entry have a direct impact on...
Persistent link: https://www.econbiz.de/10010270541
Serbia has applied inflation targeting against the backdrop of financial dollarization for almost a decade. In such circumstances, efficiency of monetary policy instruments decreases and begs the question of efficiency of the monetary regime efficiency issue. Although there is some empirical...
Persistent link: https://www.econbiz.de/10012217853