examples: price of commodities, dollarization, and the international financial position of the US. And it makes a proposal to … ; global currency ; regional monetary union ; dollarization …

with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation … targeting under high liability dollarization. Our findings suggest that it might be optimal to follow a nonlinear policy rule …

alternative monetary policy rules for economies with different degrees of liability dollarization. The paper aims to answer the … question of how efficient is to use inflation targeting when the liability dollarization ratio is high. Our findings suggest …

This paper analyzes the relationship among inflation, dollarization, financial intermediation, and real activity …

The impact of an unanticipated monetary shock in a small open economy with dollarization, factor price rigidities, and … phenomenon of dollarization so characteristic of transition economies. The major finding is that in the event of small monetary … shocks, the presence of dollarization does not alter the outcome that relates the sign of response of consumption, current …

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of … shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy optimally (maximize … local welfare). Suboptimal monetary policies are more likely to induce real dollarization when the correlation between …