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|c 5.00 USD
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|z 9781484345269
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Geng, Nan.
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|a Carry Trade vs. Deposit-Driven Euroization /
|c Nan Geng, Tiberiu Scutaru, Johannes Wiegand.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (29 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 Financial 'euroization'-or 'dollarization' outside of Central and Eastern Europe-is typically analyzed as a singular phenomenon that can be traced to a common set of factors. This paper argues that two types of euroization need to be distinguished, which have different causes, economic consequences, and policy implications: carry trade euroization that emerges when households and corporations seek to exploit interest rate differentials between foreign currency loans and local currency deposits, and deposit-driven euroization that is rooted in distrust in the local currency as a savings vehicle. We present a theoretical framework that sketches key features of both euroization types, and test it with data from 28 Emerging European and Central Asian economies.
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|a Mode of access: Internet
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|a Scutaru, Tiberiu.
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|a Wiegand, Johannes.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/058
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/058/001.2018.issue-058-en.xml
|z IMF e-Library
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