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Choice of substitution currency in Russia : how to explain the dollar's dominance?

Charčenko-Dorbec, Anna - 2005

Persistent link: https://www.econbiz.de/10003230794

An econometric investigation of currency substitution and capital mobility in a two-country portfolio-balance financial asset model

Paleologos, John M.; Papazoglu, Chrēstos - In: Kredit und Kapital 41 (2008) 3, pp. 333-354

Persistent link: https://www.econbiz.de/10003778737

Dollarization and credibility : an analysis of the Mexican experience

Moraes, Pedro Bodin de; Serven, Luis - 1986

Persistent link: https://www.econbiz.de/10003634841

Linden Dollar and Virtual Monetary Policy

Ernstberger, Philip - 2009

Growing activity and commitment of money in Second Life motivate the analysis of its economic and monetary system. It is stated that the allocation of resources to the virtual world can increase utility. Resulting demand for virtual goods drives demand for Linden Dollars - the unit of exchange...

Persistent link: https://www.econbiz.de/10014210590

Central Banks as Dollar Lenders of Last Resort : Implications for Regulation and Reserve Holdings

Das, Mitali; Gopinath, Gita; Kim, Taehoon; Stein, Jeremy C. - National Bureau of Economic Research - 2022

This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We begin by documenting that, in a panel of 53 countries, central bank holdings of dollar reserves are...

Persistent link: https://www.econbiz.de/10013477280

The euro in a world of dollar dominance : between strategic autonomy and structural weakness

Tokarski, Paweł - Stiftung Wissenschaft und Politik - 2024

The inquiry into the global significance of the euro, which is the second most important currency in the international financial system after the US dollar (hereinafter, the dollar), should be treated as a priority in efforts to strengthen the EU’s strategic autonomy. The main obstacles...

Persistent link: https://www.econbiz.de/10014472490

Dolarización : la experiencia ecuatoriana

Mejía Alvarado, Juan José Santiago; Villavicencio … - 2020

Persistent link: https://www.econbiz.de/10014475360

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

Dollarization, Monetary Policy, and the Pass-Through

Ize, Alain - 2002

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of … shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy optimally (maximize … local welfare). Suboptimal monetary policies are more likely to induce real dollarization when the correlation between …

Persistent link: https://www.econbiz.de/10014401362

Financial Stability in Dollarized Economies

Gulde, Anne Marie - 2004

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The study’s conclusions are the basis of an ongoing policy dialogue with IMF member...

Persistent link: https://www.econbiz.de/10014405333