Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10001351215
Persistent link: https://www.econbiz.de/10001352765
Monetary policy implementation in a federal country requires both vertical (national and subnational governments) and horizontal (between subnational jurisdictions) institutional coordination. The optimal centralized monetary policy is blind and potentially nonheterogeneous at the subnational...
Persistent link: https://www.econbiz.de/10014633365
Dollarization hinders financial intermediation in domestic currency which is detrimental for economic growth and development. A broad branch of the financial dollarization literature is based on portfolio theory. Dollarization of savings portfolios is the result of optimal mean-variance...
Persistent link: https://www.econbiz.de/10013502421
Persistent link: https://www.econbiz.de/10003434260
Persistent link: https://www.econbiz.de/10003443162
Persistent link: https://www.econbiz.de/10003589724
Persistent link: https://www.econbiz.de/10003512319
This paper studies the network structure and fragmentation of the Argentine interbank market. Both the unsecured (CALL) and the secured (REPO) markets are examined. The aim of this study is to understand their actual fragmentation, as well as its potential implications for monetary policy and...
Persistent link: https://www.econbiz.de/10012802027
This paper studies the network structure and fragmentation of the Argentinean interbank market. The unsecured (CALL) and secured (REPO) markets are examined, applying complex network analysis. Results indicate that although the secured market has fewer participants, its nodes are more densely...
Persistent link: https://www.econbiz.de/10013393419