Real exchange rates , dollarization and industrial
نویسندگان
چکیده
منابع مشابه
Credit Dollarization in Transition Economies: Is it Firms’ or Banks’ “Fault”?
The existing empirical literature on credit dollarization has not reached agreement on its causes. Most studies that analyze financial dollarization start from the presumption that credit dollarization is supply-determined. If this were the case, then policies that attempt to reduce dollarization should aim to affect behavior in the banking sector. We use a newly constructed dataset for twenty-...
متن کاملDollarization, Exchange Rate Regimes and Government Quality
The dollarization of the domestic banking system represents a source of vulnerability for emerging market countries, and a debate has emerged over whether the exchange rate regime has an impact on the degree of dollarization. This paper argues that the regime is far less important than the literature has previously claimed. Unofficial dollarization results from a lack of faith in the domestic c...
متن کاملDollarization and the Mexican Labor Market
This paper examines how dollarization affects wages and employment in the Mexican labor market. Dollarization is modeled as a fixed real exchange rate and also as a potentially increased inflow of capital from abroad. The effects of dollarization depend upon whether adopting a fixed exchange rate reduces the rate of return on emigration and helps to attract foreign capital. The paper investigat...
متن کاملOfficial Dollarization and the Banking System in Ecuador and El Salvador
E C O N O M I C R E V I E W Third Quarter 2006 Since Ecuadorian president Jamil Mahuad announced the adoption of the U.S. dollar as legal tender in January 2000, the discussion about the pros and cons of full dollarization has intensified. In 2001 El Salvador engaged in full dollarization to enhance its economic reform process. The two economies adopted the U.S. dollar as their currency for dia...
متن کاملFinancial Dollarization and European Union Membership
We analyze the effect of European Union (EU) membership on financial dollarization for the Central and Eastern European countries. Using a unique monthly dataset that spans about two decades, we find that both the accession process toward EU membership and EU entry have a direct impact on deposit and loan dollarization. EU membership reduces deposit dollarization while it increases loan dollari...
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تاریخ انتشار 2006