Endogenous Financial Dollarization and Exchange Rate Policy
نویسندگان
چکیده
منابع مشابه
Political Institutions, Policy Instability, and Financial Dollarization
The most recent generation of currency and nancial crisis literature blames the borrowing decisions of real and nancial sector actors; in particular, it argues that the de facto dollarization of liabilities is inherently risky and can trigger a host of economic ills that impede economic development. This paper presents and tests an institutional theory of de facto nancial dollarization. It argu...
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ژورنال
عنوان ژورنال: The Journal of Policy Reform
سال: 2005
ISSN: 1384-1289,1477-2736
DOI: 10.1080/13841280500387182