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...
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2007/294 |
| Online Zugang: | Full text available on IMF |