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Dollar Pricing Redux
Casas, Camila - 2017
A country's exchange rate is at the center of economic and political debates on currency wars and trade competitiveness. The real consequences of exchange rate fluctuations depend critically on how firms set prices in international markets. Recent empirical evidence has challenged the dominant...
Persistent link: https://www.econbiz.de/10012950251
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A price based approach to estimate the effects of monetary arrangements on trade integration
Parsley, David C.; Wei, Shang-jin - 2004
Persistent link: https://www.econbiz.de/10003347756
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Cambodia's persistent dollarization : causes and policy options
Menon, Jayant - 2008
apparent paradox between a decade of economic and political improvements and continued dollarization, and drawing policy … host of institutional barriers that need to be overcome to prepare the groundwork for a natural process of de-dollarization. …
Persistent link: https://www.econbiz.de/10011282131
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The great exchange rate debate after Argentina
Edwards, Sebastian - 2002
Persistent link: https://www.econbiz.de/10001712455
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In lands of foreign currency credit, bank lending channels run through? : the effects of monetary policy at home and abroad on the currency denomination of the supply of credit
Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - 2014 - This Draft: October, 2014
We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in domestic and foreign currencies. We analyze a novel, supervisory dataset from Hungary that records all bank lending to firms including its currency denomination. Accounting for...
Persistent link: https://www.econbiz.de/10010418213
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In lands of foreign currency credit, bank lending channels run through? : [the effects of monetary policy at home and abroad on the currency denomination of the supply of credit]
Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - 2014 - This draft: October, 2014
We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in domestic and foreign currencies. We analyze a novel, supervisory dataset from Hungary that records all bank lending to firms including its currency denomination. Accounting for...
Persistent link: https://www.econbiz.de/10010411973
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Cash Dollars Abroad
Hellerstein, Rebecca - 2011
This paper examines the use of U.S. cash dollars as a secondary currency in informal transactions worldwide. While there is considerable interest in and a large theoretical literature on the use of secondary currencies, few empirical results have been established. The primary reason is that the...
Persistent link: https://www.econbiz.de/10013134235
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Dollarization in Haiti : Causes and Consequences
Dorsainvil, Kathleen - 2010
The objective of this paper is to study the causes and consequences of financial dollarization in the Haïtian economy … for the period 1990-2006. Among the potential causes of dollarization, the study investigates the impact of high inflation … trade movement, economic growth, and inflation. The empirical evidence shows that since the adoption of dollarization the …
Persistent link: https://www.econbiz.de/10013137889
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Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities
Gambacorta, Leonardo - 2020
We explore the link between firms' dollar bond borrowing and their FX-hedged funding opportunities, as reflected in a positive corporate basis (the relative cost of local to synthetic currency borrowing). Consistent with previous research, we first document that firms substitute domestic for...
Persistent link: https://www.econbiz.de/10012840120
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Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities
Gambacorta, Leonardo - 2020
We explore the link between firms' dollar bond borrowing and their FX-hedged funding opportunities, as reflected in a positive corporate basis (the relative cost of local to synthetic currency borrowing). Consistent with previous research, we first document that firms substitute domestic for...
Persistent link: https://www.econbiz.de/10012840281