Dollarization hinders financial intermediation in domestic currency which is detrimental for economic growth and … development. A broad branch of the financial dollarization literature is based on portfolio theory. Dollarization of savings … approach to analyse financial dollarization's hysteresis in Argentina. Based on the historical experience of our country, we …

We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … insurance against liquidity preference shocks. Unofficial dollarization has been a common phenomenon in emerging market … single digits. We refer to this phenomenon as a "dollarization hysteresis paradox." It has also been observed in these …

to estimate the scope for dollarization of assets and liabilities (financial dollarization) as a function of … macroeconomic uncertainty. Within this benchmark, we find that financial dollarization displays high persistence whenever the … stabilization has been achieved. The empirical evidence confirms that MVP dollarization approximates financial dollarization closely …

The paper analyzes the phenomenon of dollarization in a sample of transition economies: Ukraine, Russia, Poland, Czech … the degree of dollarization depends on the relative returns on financial assets, inflation volatility, and financial … currency relative to deposits in foreign currencies) and inflation volatility have a significant effect on dollarization. The …

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information …

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information …

This paper analyzes the relationship among inflation, dollarization, financial intermediation, and real activity …

We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … insurance against liquidity preference shocks. Unofficial dollarization has been a common phenomenon in emerging market … single digits. We refer to this phenomenon as a "dollarization hysteresis paradox." It has also been observed in these …

benchmark to estimate the scope for dollarization of bank deposits and loans as a function of macroeconomic uncertainty …. Dollarization hysteresis is shown to occur when the expected volatility of the inflation rate is high in relation to that of the … real exchange rate. The evidence shows that MVP dollarization generally approximates actual dollarization closely for a …