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Dedollarization, Indexation and Nominalization: The Chilean Experience
Herrera, Luis Oscar; Valdés, Rodrigo - Inter-American Development Bank - 2004
This paper is part of the project "Financial Dedollarization: Policy Options" launched by the Inter … associated with financial dollarization as well as to evaluate the costs and benefits of alternative financial dedollarization … currency. It focuses on domestic asset holders, as opposed to foreign investors, as the primary targets of a dedollarization …
Persistent link: https://www.econbiz.de/10009246517
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De-dollarizing the Peruvian Economy: A Portfolio Approach
Morón, Eduardo; Castro, Juan - Departamento Académico de Economía, Universidad del … - 2003
"Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this paper we study two ways to do it and we evaluate them within a model that...
Persistent link: https://www.econbiz.de/10010842560
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Dedollarizing the Peruvian Economy
Moron, Eduardo; Castro, Juan F. - EconWPA - 2003
Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this paper we study two ways to do it and we evaluate them within a model that...
Persistent link: https://www.econbiz.de/10005412579
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Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo
Fischer, Felix; Lundgren, Charlotte J.; Jahjah, Samir - International Monetary Fund (IMF) - 2013
The paper looks at the challenges of conducting monetary policy in a context of high dollarization of the banking system and weak institutions in the Democratic Republic of the Congo. The empirical analysis confirms the limited effectiveness of the Central Bank of Congo in controlling inflation,...
Persistent link: https://www.econbiz.de/10010790264
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Dedollarization, Indexation and Nominalization: The Chilean Experience
Herrera, Luis Oscar; Valdés, Rodrigo - Inter-American Development Bank - 2004
This paper is part of the project "Financial Dedollarization: Policy Options" launched by the Inter … associated with financial dollarization as well as to evaluate the costs and benefits of alternative financial dedollarization … currency. It focuses on domestic asset holders, as opposed to foreign investors, as the primary targets of a dedollarization …
Persistent link: https://www.econbiz.de/10010653582
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Dedollarization in Turkey after decades of dollarization: A myth or reality?
Metin-Özcan, Kıvılcım; Us, Vuslat - In: Physica A: Statistical Mechanics and its Applications 385 (2007) 1, pp. 292-306
The paper analyzes dollarization in the Turkish economy given the evidence on dedollarization signals. On conducting a …, dedollarization that presumably started after 2001 has lost headway after May 2006. Thus, it seems too early to conclude that … dollarization changed its route to dedollarization. …
Persistent link: https://www.econbiz.de/10011062883
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Where is the Cuban economy heading ?.
Herrera, Rémy - Maison des Sciences Économiques, Université Paris 1 … - 2006
, of the Cuban revolution in the economic field, until the recent dedollarization. It underlines its economic challenges at …
Persistent link: https://www.econbiz.de/10005510633
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APPLICATION OF DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS TO THE CASE OF THE SERBIAN ECONOMY
Urosevic, Branko; Grga, Nikola - In: Economic Annals 59 (2014) 201, pp. 35-68
This paper proposes a dynamic stochastic general equilibrium (DSGE) model for the Serbian economy. It is a modification of the existing models of Goodhart, Osorio and Tsomocos (2009) and Martinez and Tsomocos (2012). The model introduces important features of the Serbian economy, financial...
Persistent link: https://www.econbiz.de/10010938618
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Money demand in a dollarizing economy:the case of the dominican republic
Sánchez-Fung, José R. - In: Journal of Developing Areas 42 (2008) 1, pp. 39-52
This paper investigates money demand in the Dominican Republic. The study employs monthly economic time series covering a period of stabilization and rapid economic growth alongside financial dollarization. The analysis reveals meaningful long-run relations for narrow and for broad monetary...
Persistent link: https://www.econbiz.de/10011213020
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Financial Dollarization, the portfolio approach and expectations: evidence for Latin America (1995-2005)
Alan, Sanchez - Banco Central de Reserva del Perú - 2006
The aim of this research is to evaluate to what extent the actual level and dynamics of financial dollarization prevalent in Latin America can be explained by the portfolio approach proposed by Ize and Levi Yeyati (2003). Inasmuch as the result of a portfolio optimization is sensible to the...
Persistent link: https://www.econbiz.de/10005200368