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Capital flow management measures and dollarization

Andreasen, Eugenia; Nuguer, Victoria - 2020

-Karadi-Kiyotaki, where bank heterogeneity and financial dollarization are introduced to evaluate the effectiveness of the differential RR in … reducing financial dollarization and improving financial resilience. …

Persistent link: https://www.econbiz.de/10012587526

China's transition to a digital currency does it threaten dollarization?

Aysan, Ahmet Faruk; Kayani, Farrukh Nawaz - In: Asia and the global economy : AGE 2 (2022) 1, pp. 1-6

This article provides a detailed introduction to China's launching of a digital currency. We conduct a comparative analysis concerning whether digital currency is a more stable and reliable currency than cryptocurrency and investigate whether a digital renminbi (or yuan) could replace the US...

Persistent link: https://www.econbiz.de/10013334656

Dollarization dilemma : price stability at the cost of external competitiveness in Cambodia

Samreth, Sovannroeun; Sánchez-Martín, Miguel Eduardo; … - 2019

) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes … and estimating seigniorage losses. As an attempt to further explore the effects of dollarization in Cambodia, this paper …

Persistent link: https://www.econbiz.de/10012051925

Central bank intervention in the inflation targeting

Krušković, Borivoje D. - In: Journal of central banking theory and practice 11 (2022) 1, pp. 67-85

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of empirical stud-ies in this paper show if there is a shock of the exchange rate, which would lead to depreciation of the exchange rate, a central bank may decide to mush instability on...

Persistent link: https://www.econbiz.de/10012805926

Gold as a factor of change in central bank reserves in periods of the financial markets turbulence : the case of Kazakhstan

Dodonov, Vyacheslav - In: Journal of central banking theory and practice 11 (2022) 2, pp. 209-224

The article examines the impact of changes in the gold part of the reserves of the National Bank of Kazakhstan on their total volume with an emphasis on the factor of changes in the price of gold. The value of the factor of the price of gold increases during periods of global financial crises...

Persistent link: https://www.econbiz.de/10013347137

Impact of monetary policy on the macroeconomy under dollarization : evidence from the Lao PDR

Park, Hail; Son, Jong Chil; Wang, Wenbo - In: International trade, politics and development 7 (2023) 2, pp. 77-91

-term financial market and de-dollarization. Originality/value - This study can fill the gap in the literature in which the …

Persistent link: https://www.econbiz.de/10014370312

Reassessing the feasibility of adopting dollarization in Latin America

Padilla, León - In: Journal of economics, finance & administrative science 27 (2022) 53, pp. 34-51

Purpose This paper analyses the possibility of Latin America's (LA) major economies adopting dollarization, considering … currency, the author uses the framework of optimum currency area (OCA) theory, since, in fact, dollarization is an incomplete … LA nations, the dollarization debate has resurfaced in recent years. However, the literature that empirically evaluates …

Persistent link: https://www.econbiz.de/10013382174

External shocks and FX intervention policy in emerging economies

Carrasco, Alex; Florián Hoyle, David - 2021

This paper discusses the role of sterilized foreign exchange (FX) interventions as a monetary policy instrument for emerging market economies in response to external shocks. We develop a model for a commodity-exporting small open economy in which FX intervention is considered as a balance sheet...

Persistent link: https://www.econbiz.de/10012616248

De-dollarization : the global payment infrastructure and wholesale central bank digital currencies

Mayer, Jörg - 2024

Traditional trust-related de-dollarization motives have gained additional impetus from the declining share of the … dollar. Several institutional innovations by China and the BRICS demonstrate the demand for de-dollarization but do not offer … reserves, de-dollarization promises greater benefits for countries with non-dominant currencies. These countries should sit at …

Persistent link: https://www.econbiz.de/10014529513

Retail CBDC purposes and risk transfers to the central bank

Baeriswyl, Romain; Reynard, Samuel; Swoboda, Alexander K. - In: Swiss journal of economics and statistics 160 (2024) 1, pp. 1-15

The issuance of retail central bank digital currency (CBDC) involves a transfer of risk from commercial banks to the central bank. Mechanisms that limit the transfer of risk, such as an unattractive interest rate, a quantity ceiling or the non-convertibility of cash and reserves into CBDC, are...

Persistent link: https://www.econbiz.de/10015372749