Financial dollarization in Latin America /
This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding that an exchange rate policy biased towards currency depre...
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Main Authors: | , |
Format: | Electronic eBook |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2006
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Series: | IMF working paper ;
WP/06/7. |
Subjects: | |
Local Note: | ProQuest Ebook Central |
Table of Contents:
- Contents
- I. INTRODUCTION
- II. TRENDS IN FINANCIAL DOLLARIZATION
- III. FINANCIAL DOLLARIZATION AS A RATIONAL RESPONSE TO INFLATION
- IV. THE ROLE OF CREDIT RISK
- V. CONCLUDING REMARKS
- APPENDIX I
- APPENDIX II
- REFERENCES