Institutions and financial dollarization: Indirect effects based on a policy experiment

We provide evidence that institutional improvements lead to lower levels of financial dollarization through previously unidentified channels. These indirect channels operate in addition to the direct impact identified in the literature and further illustrate the importance of institutions for the extent of banking dollarization.

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Year of publication:	2013
Authors:	Neanidis, Kyriakos C. ; Savva, Christos S.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 121.2013, 3, p. 405-410
Publisher:	Elsevier
Subject:	Dollarization \| EU membership \| FAVAR \| Institution

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Type of publication:	Article
Classification:	E44 - Financial Markets and the Macroeconomy ; F33 - International Monetary Arrangements and Institutions ; G20 - Financial Institutions and Services. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010729428