Exchange Rate Policy and Liability Dollarization : An Empirical Study /

The paper identifies the contemporaneous relationship between exchange rate policy and liability dollarization using three different definitions of dollarization. The presence of endogeneity makes the empirical identification elusive. We use identification through heteroskedasticity to solve the end...

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Bibliographic Details
Main Author: Berkmen, Pelin
Other Authors: Cavallo, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/033
Online Access:Full text available on IMF