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Assessing the impact of real shocks on small dollarized economies

Cabral Torres, René (contributor) - 2005

Persistent link: https://www.econbiz.de/10003163004

Dollar trinity and the global financial cycle

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2023

We develop a two-country business-cycle model of the US and the rest of the world with dollar dominance in trade invoicing, in cross-border credit, and in safe assets. The interplay between these elements - dollar trinity - rationalizes salient features of the Global Financial Cycle in the data:...

Persistent link: https://www.econbiz.de/10014438347

The floating dollar : some Q's and A's

Hein, John - 1980

Persistent link: https://www.econbiz.de/10000339286

Twin dollarization and exchange rate policy

Shi, Kang; Xu, Juanyi - In: Journal of international economics 81 (2010) 1, pp. 109-121

Persistent link: https://www.econbiz.de/10008648735

Financial Crises, Dollarization, and Lending of Last Resort in Open Economies

Bocola, Luigi - 2017

Foreign currency borrowing is perceived as a source of financial instability in emerging markets. We propose a theory … where liability dollarization arises from an insurance motive of domestic savers. Because financial crises are associated … multiple equilibria, with the bad equilibrium characterized by dollarization and financial instability. A domestic lender of …

Persistent link: https://www.econbiz.de/10012944158