|
|
|
|
| LEADER |
01985cas a2200253 a 4500 |
| 001 |
AALejournalIMF006978 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781455211883
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Garcia-Escribano, Mercedes.
|
| 245 |
1 |
0 |
|a What is Driving Financial De-Dollarization in Latin America? /
|c Mercedes Garcia-Escribano, Sebastian Sosa.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
|
| 300 |
|
|
|a 1 online resource (23 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a In the last decade, a group of Latin American countries (Bolivia, Paraguay, Peru, and Uruguay) experienced a gradual, yet sustained decline in financial dollarization. This paper documents the stylized facts and uses a standard VAR approach to examine the drivers of both deposit and credit de-dollarization. It finds that the exchange rate appreciation has been a key factor explaining deposit de-dollarization. The introduction of prudential measures to create incentives to internalize the risks of dollarization (including an active management of reserve requirement differentials), the development of a capital market in local currency, and de-dollarization of deposits have all contributed to a decline in credit dollarization. Continuing efforts on these fronts, while maintaining macroeconomic stability and strong fundamentals, would help deepening de-dollarization.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Sosa, Sebastian.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2011/010
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/010/001.2011.issue-010-en.xml
|z IMF e-Library
|