Terrones, Marco; Catão, Luis - International Monetary Fund (IMF) - 2000
Dollarization in financial intermediation has exhibited a widely diverse pattern across countries. Empirical work …-currency banking model to show that deposit and loan dollarization are determined by a broader set of factors. These include interest … availability of tradable collateral. The direction in which dollarization tends to move with macroeconomic shocks is shown to …