Results 71 to 80 of about 548 (109)
We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment where spatial separation and limited communication create a role for currency and banks arise endogenously to provide insurance against ...
John Duffy, Maxim Nikitin
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Exchange Rate Policy in Chile since 1960: Political Economy and the Choice of Regime [PDF]
This paper analyzes exchange rate policies in Chile since the 1960s. A brief overview of main policies is presented. Particular attention is paid to the two episodes of fixed-exchange rate as well as the reasons why policy makers may have arrived to ...
José De Gregorio
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A new test for the success of inflation targeting [PDF]
We propose a new test, derived from a set of variance decompositions of a structural VAR, for the success of inflation targeting. In contrast to standard sacrifice ratios this test considers changes in the structure of real and nominal shocks; second ...
Andrew Powell +2 more
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Macroeconomic Coordination and Monetary Unions in a N-country World: Do all Roads Lead to Rome? [PDF]
In Europe, twelve countries have joined a currency union but four have stayed out. The EU enlargement process implies a large set of potential EMU entrants. In Latin America, two countries have recently dollarized and regional currencies have also been a
Andrew Powell, Federico Sturzenegger
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Aftermaths of Current Account Crisis: Export Growth or Import Contraction? [PDF]
This paper defines current account crises as current account adjustments that occur in the aftermath of a sizable reduction in capital flows. We study the characteristics of such current account adjustments, particularly whether they are executed through
Agustín Villar +2 more
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Domestic capital formation, financial intermediation and economic development in Peru [PDF]
This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an analysis of the structure of domestic savings and its changes in the course of economic development (Section II) .
Fischer, Bernhard
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Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey [PDF]
This paper investigates the causes and balance sheet effect consequences of the liability dollarisation of non-financial sectors in Turkey using the Company Accounts database compiled by the Central Bank of Turkey. The results from the panel EGLS and GMM
Erdal Ozmen +2 more
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Emerging Economics, Emergent Currencies: A Look into Dedollarization in Southeast Asia
Modern Economy, 2023 openaire +1 more source