Unilateral euroization is underexplored even in comparison to unilateral dollarization (taken to mean the adoption of …

This study contributes to the dollarization literature by expanding its determinants to account for different … dollarization amplifiers, while the explanatory power of the economic component is weak er on dollarization. Second, consistent with … positive expected signs. Third, the positive association between the accumulation of international reserves and dollarization …

This paper shows how uncertainty about liquidity demand can lead to a high degree of dollarization in the banking … amount of dollars and a relatively small amount of local currency. I also show the existence of a dollarization multiplier … : as the anticipated transactions demand for dollars increases, the dollarization of the banking sector increases more than …

. Thus, welfare gains are negatively related to dollarization. …

Abstract The dollarization of bank deposits and credit is widespread in developing countries, resulting in varying … deposit and credit dollarization in developing and transition countries is assembled and used to address this question …. Empirical results suggest that, if anything, floating regimes are positively associated with deposit dollarization more strongly …

The Bolivian puzzle is high and persistent financial dollarization notwithstanding deep macroeconomic stabilization … and new approaches to explain dollarization in Bolivia. We first assess the currency substitution approach and then assess … the empirical evidence for the financial dollarization approach. The results show that the macroeconomic variables capture …

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 …

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 …