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|c 5.00 USD
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|z 9781451862058
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|a 1018-5941
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|a Ize, Alain.
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|a Financial Dollarization Equilibria :
|b A Framework for Policy Analysis /
|c Alain Ize.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy action. This paper contributes to the policy debate by presenting a common analytic framework that examines the roots of de facto financial dollarization under different economic environments and analyzes its interplay with monetary and prudential policies. In addition to providing a systematic analysis of the existence, stability, and multiplicity of dollarization equilibria, the paper makes a few novel contributions. In particular, it stresses the key role played by monetary policy endogeneity and identifies the underlying determinants of the peso premium that are responsible for inducing a preference for the dollar in financial transactions.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2005/186
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/186/001.2005.issue-186-en.xml
|z IMF e-Library
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