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inflation. To be effective, dollarization must generate sufficient credibility, which in turn depends critically on whether its … presidential election several options, including dollarization, are being discussed to stabilize prices and put the economy on a … affairs to a foreign jurisdiction. The paper explores whether dollarization can fulfill such role given Argentina's history of …
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This paper examines two approaches characterized by different tail features to extract market expectations on the Mexican peso-US dollar exchange rate. Expectations are gauged by Risk-Neutral Densities (RNDs). The methods used to estimate these densities are the Volatility Function Technique...
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The paper provides a measure of exchange rate anchoring behavior across 149 emerging market and developing economies for the 1980-2010 period. An extension of the Frankel and Wei (2008) methodology is used to determine whether exchange rates are pegged or floating, and in the case of pegs, to...
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