Is Brazil Different? : Risk, Dollarization, and Interest Rates in Emerging Markets /
We investigate the role of financial dollarization in the determination of real interest rates in emerging economies. In a simple analytical model, we show that a strategy of "dedollarizing" the economy, if it fails to address fundamental macroeconomic risks, leads to higher domestic real...
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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2007/294 |
| Online adgang: | Full text available on IMF |