Castillo, Paul; Montoro, Carlos; Tuesta, Vicente - In: Open Economies Review 24 (2013) 2, pp. 217-265
In this paper, we develop and estimate a dynamic stochastic, general-equilibrium New Keynesian model with partial dollarization. Bayesian techniques and Peruvian data are used to evaluate two forms of dollarization: currency substitution (CS) and price dollarization (PD). The empirical results...
