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, the dollarized nations have: (a) have had significantly lower inflation; (b) grown at a significantly lower rate; (c) have …
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its supporters' claim, dollarization is associated with lower inflation and faster growth. We analyze this issue by using … a matching estimator technique developed in the training evaluation literature. Our findings suggest that inflation has …
Persistent link: https://www.econbiz.de/10012470044
, the dollarized nations have: (a) have had significantly lower inflation; (b) grown at a significantly lower rate; (c) have …
Persistent link: https://www.econbiz.de/10012470450
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We propose a "debt view" to explain the dominant international role of the dollar and provide broad empirical support for it. Within a simple capital structure model in which firms optimally choose the currency composition of their debt, we derive conditions under which all firms issue debt in a...
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