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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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The primary aim of this paper is to explore the effectiveness of Hoarding International Reserves and Sterilization in dollarized and indebted countries such as Turkey and Lebanon, by measuring the sterilization coefficient, and the offset coefficient. It also focuses on exploring the link...
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In our model, cross-currency basis, which captures the deviations from covered interest rate parity (CIP), reflects the relative value of the scarcer currency (US dollar) as collateral in funding constraints. Our empirical evidence shows that measures of dollar shortage derived from ECB tenders,...
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De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a … foreign currency, is a policy concern in an increasing number of developing economies. This paper addresses the dollarization … debate from this perspective, with the goal of setting the stage for a more detailed and focused discussion of whether de-dollarization …
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