Dollarization hinders financial intermediation in domestic currency which is detrimental for economic growth and … development. A broad branch of the financial dollarization literature is based on portfolio theory. Dollarization of savings … approach to analyse financial dollarization's hysteresis in Argentina. Based on the historical experience of our country, we …

to estimate the scope for dollarization of assets and liabilities (financial dollarization) as a function of … macroeconomic uncertainty. Within this benchmark, we find that financial dollarization displays high persistence whenever the … stabilization has been achieved. The empirical evidence confirms that MVP dollarization approximates financial dollarization closely …

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information …

This paper analyzes the relationship among inflation, dollarization, financial intermediation, and real activity …

financial dollarization, but did not foster fiscal or monetary discipline. The failure to adequately address the currency …

In this paper, we contrast two different views in the debate on official dollarization. The Mundell (1961) framework of … Central American economies, and find that the main benefit of official dollarization derives from avoiding a mismatch between … countries form an optimal currency area with the United States according to the Mundell definition. -- dollarization ; real …

In this paper, we contrast two different views in the debate on official dollarization. The Mundell (1961) framework of … Central American economies, and find that the main benefit of official dollarization derives from avoiding a mismatch between …