Official Dollarization As a Monetary Regime : Its Effectson El Salvador

Its Effectson El Salvador

Official Dollarization As a Monetary Regime : Its Effectson El Salvador
This paper examines El Salvador's transition to official dollarization by comparing aspects of this regime to the fixed exchange rate regime prevailing in the 1990s. Commercial bank interest rates are analyzed under an uncovered interest parity framework, and it is found that dollarization lowered rates by 4 to 5 percent by reducing currency... READ MORE...

Publication date: June 2011
ISBN 9781455258390
$18.00

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