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This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …
Persistent link: https://www.econbiz.de/10005076758
currency substitution, asset substitution, and dollarization, and examine the consequences of network externalities for …
Persistent link: https://www.econbiz.de/10005119447
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …
Persistent link: https://www.econbiz.de/10005076821
US dollars, we obtain unique measures of currency substitution, asset substitution, dollarization, and bank credibility …
Persistent link: https://www.econbiz.de/10005556619
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …
Persistent link: https://www.econbiz.de/10012868965
This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees … dollarization has advanced since the currency reform in terms of both asset and currency substitutions. Survey results also indicate …
Persistent link: https://www.econbiz.de/10011765053
Persistent link: https://www.econbiz.de/10005136841
private sector incentive to take precautions against these shocks. For similar general equilibrium reasons, dollarization of …
Persistent link: https://www.econbiz.de/10014071372
Floating exchange rates seem to be gaining ground in Latin America, East Asia and the transition economies. The recent crises left many economies with no alternative but to float. Others have moved toward floating, searching for greater flexibility and insulation from external shocks. The...
Persistent link: https://www.econbiz.de/10014114187
A model is presented where the question of bank regulation is developed under a principal-agent scenario in a regime where the regulator has limited resources and banks may have an incentive to act ultra virus the regulatory standards.If banks are subject to random audit, then compliance is...
Persistent link: https://www.econbiz.de/10012148400