Search Results - subject:"Liability Dollarization"

Business cycles in emerging markets : the role of liability dollarization and valuation effects

Notz, Stefan; Rosenkranz, Peter - 2014

macroeconomic fluctuations, (ii) accounting for liability dollarization ameliorates the model fit, and (iii) valuation effects on …, differentiated home and foreign goods, and endogenous exchange rate movements. Furthermore, our model incorporates liability … dollarization as a particular form of financial frictions in EMEs. In this vein, weaccount for the fact that emerging markets …

Persistent link: https://www.econbiz.de/10010402774

An overview on the exchange rate and liability dollarization in Turkey

Şahin, Afşin; Sahin, Goktug - In: The international journal of applied economics and finance 8 (2014) 3, pp. 62-81

Persistent link: https://www.econbiz.de/10010479713

Corporate foreign currency borrowing and investment : the case of Hungary

Endrész, Marianna; Harasztosi, Péter - In: Emerging markets review 21 (2014), pp. 265-287

Persistent link: https://www.econbiz.de/10011304328

International Capital Markets and Informal Dollar Standards in the CIS and East Asia

Schnabl, Gunther - 2005

Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of shortterm and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ‚competitive...

Persistent link: https://www.econbiz.de/10010295455

International Capital Markets and Informal Dollar Standards in the CIS and East Asia

Schnabl, Gunther - HWWA Institut für Wirtschaftsforschung - 2005

Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of "competitive...

Persistent link: https://www.econbiz.de/10005468560

International Capital Markets and Informal Dollar Standards in the CIS and East Asia

Schnabl, Gunther - HWWA Institut für Wirtschaftsforschung - 2005

Persistent link: https://www.econbiz.de/10010957316

Dolarizasyon Endeksleri : Turkiye’deki Dolarizasyon Surecine Iliskin Gostergeler

Akinci, Ozge; Ozer, Yasemin Barlas; Usta, Bulent - Türkiye Cumhuriyet Merkez Bankası - 2005

Dollarization, which can be considered as a wide-spread characteristic of the emerging market economies, is caused by economic units’ holding assets in foreign currency to prevent the value of their financial assets from the risk of devaluation of the national currency and to diversify their...

Persistent link: https://www.econbiz.de/10005689749

Exchange Rate Volatility and Productivity Growth: The Role of Liability Dollarization

Benhima, Kenza - In: Open Economies Review 23 (2012) 3, pp. 501-529

Persistent link: https://www.econbiz.de/10010865244

Financial crisis, effective policy rules and bounded rationality in a New Keynesian framework

Al-Eyd, Ali; Hall, Stephen - In: Economic Change and Restructuring 45 (2012) 1, pp. 25-44

Persistent link: https://www.econbiz.de/10010865871

The dampening effect of bank foreign liabilities on monetary policy: Revisiting monetary cooperation in East Asia

Chen, Xiaofen - In: Journal of International Money and Finance 31 (2012) 2, pp. 412-427

This paper addresses the cost of formal monetary cooperation from the perspective of monetary policy effectiveness. As banks tend to borrow from abroad in foreign currencies to fund domestic lending, monetary policy may have a reduced effect on the credit market and the economy. Results derived...

Persistent link: https://www.econbiz.de/10010573202