Prudential Responses to De Facto Dollarization

Prudential Responses to De Facto Dollarization
We develop a theoretical framework that encompasses four distinct motives for dollarization and discuss appropriate policy responses to help contain dollarization and its attendant risks. "Moral hazard" dollarization provides a clear case for prudential policy activism. However, prudential reform will have only a limited impact on dollarization... READ MORE...

Publication date: April 2004
ISBN 9781451848823
$15.00

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