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Dollarization dynamics : a comment
Ocampo, Emilio; Cachanosky, Nicolás - 2023
We analyze a recent paper that claims that dollarizing an economy in the presence of a "dollar shortage" will provoke an immediate sharp reduction in real output and welfare. We find many problems with the model that supports this conclusion: confusion about the nature of a dollar shortage and...
Persistent link: https://www.econbiz.de/10014296365
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Dollarization Dynamics : A Comment
Ocampo, Emilio; Cachanosky, Nicolas - 2023
We analyze a recent paper that claims that dollarizing an economy in the presence of a “dollar shortage” will provoke an immediate sharp reduction in real output and welfare. We find many problems with the model that supports this conclusion: confusion about the nature of a dollar shortage...
Persistent link: https://www.econbiz.de/10014347440
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Effect of offical dollarization on macroeconomic performance and money-price relationship in Ecador
Tas, Bedri Kamil Onur; Togay, Selahattin - 2009
This paper investigates effects of official dollarization on the macroeconomic performance of Ecuador using a time … money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after official … Ecuador and changed the money-price relationship in Ecuador. -- Official Dollarization ; Ecuador ; Inflation uncertainty …
Persistent link: https://www.econbiz.de/10003866780
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Is it possible to de-dollarize? : The case of Ecuador
Jameson, Kenneth P. - In: International journal of political economy : a journal … 33 (2003/04) 1, pp. 42-60
Persistent link: https://www.econbiz.de/10002649359
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Dolarización : la experiencia ecuatoriana
Mejía Alvarado, Juan José Santiago; Villavicencio … - 2020
Persistent link: https://www.econbiz.de/10014475360
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Dollarization in North Korea : evidence from a survey of North Korean refugees
Sung Min Mun; Jung, Seung-Ho - In: East Asian economic review 21 (2017) 1, pp. 81-100
This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees. Specifically, we compare foreign currency use of households as both store-of-value substitutes (i.e., asset substitution) and transaction substitutes (i.e., currency...
Persistent link: https://www.econbiz.de/10011765053
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The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
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Cambodia's persistent dollarization : causes and policy options
Menon, Jayant - 2008
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago. What is this so, and what, if anything, should the Government do? This paper attempts...
Persistent link: https://www.econbiz.de/10011282131
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The Calculus of Dollarisation
Bogetic, Zeljko - 2011
Understanding dollarisation and related debates requires an appreciation of what might be called the "calculus of dollarisation," i.e., a tally of real and perceived costs and benefits of full dollarisation (the adoption of the foreign currency such as the dollar as legal tender in a given...
Persistent link: https://www.econbiz.de/10013126062