Financial dollarization in Latin America

Financial dollarization in Latin America / Robert Rennhack and Masahiro Nozaki.

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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Bibliographic Details
Main Authors: Rennhack, Robert (Author), Nozaki, Masahiro (Author)
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF working paper ; WP/06/7.
Subjects:
Monetary policy > Latin America.
Currency question > Latin America.
Currency question
Monetary policy
Latin America
Online Access:Click for online access
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

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