Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...

This paper investigates the existence of market power and the distribution of rents in the market for Mexico's exports of apparel to the US under the MFA. In the case of Mexico, rents from MFA restrictions are probably very small. The adjusted price of Mexican exports is consistently below the...