effects of exchange rate policy in a highly dollarized economy. Overall, dollarization appears to matter more through real … by the shock. Financial de-dollarization tends to be contractionary in Bolivia but different degrees of financial … dollarization hardly change the real sector effects. As concerns distributional effects, nominal devaluation in no circumstance …

We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business … hypothesis that the two countries share a common business cycle. Based on this evidence, we conclude that official dollarization …