Financial Dollarization in Latin America

Financial Dollarization in Latin America
This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding that an exchange rate policy biased towards currency depreciation and currency mismatches tends to... READ MORE...

Publication date: January 2006
ISBN 9781451862676
$15.00

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