Dollarization of Liabilities : Beyond the Usual Suspects

Beyond the Usual Suspects

Dollarization of Liabilities : Beyond the Usual Suspects
Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of emerging markets to financial and currency crises. "Usual suspects" of causing DL comprise "fatalistic" determinants such as a long history of unsound macroeconomic policies and development and institutional factors, aided by moral hazard... READ MORE...

Publication date: January 2003
ISBN 9781451842807
$15.00

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