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dc.contributor.authorCastro, Juan Francisco
dc.contributor.authorMorón, Eduardo
dc.contributor.authorWinkelried, Diego
dc.date.accessioned2014-06-30T18:11:48Z
dc.date.available2014-06-30T18:11:48Z
dc.date.issued2004-11
dc.identifier.urihttp://hdl.handle.net/11354/281
dc.identifier.citationCastro, J., Morón, E., & Winkelried, D. (2004). Assessing financial vulnerability in partial dollarized economies. Lima: Universidad del Pacífico, Centro de Investigación. Recuperado de http://hdl.handle.net/11354/281es_PE
dc.description.abstractThe reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of investment, we claim that, in absence of an asset price channel, departures from a pure float will mitigate vulnerability and improve welfare. Conversely, with an active asset price channel a tighter exchange rate policy will have marginal effects on welfare and vulnerability when compared to that associated to a reduction in liability dollarization.en
dc.formatapplication/pdfes_PE
dc.language.isoenges_PE
dc.publisherUniversidad del Pacífico. Centro de Investigaciónes_PE
dc.relation.ispartofseriesDocumento de discusión;n° DD/04/03
dc.rightsinfo:eu-repo/semantics/openAccesses_PE
dc.rightsAtribución-NoComercial-SinDerivadas 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.es*
dc.sourceRepositorio de la Universidad del Pacífico - UPes_PE
dc.sourceUniversidad del Pacíficoes_PE
dc.subjectPolítica monetariaes_PE
dc.titleAssessing financial vulnerability in partial dollarized economieses_PE
dc.typeinfo:eu-repo/semantics/workingPaperes_PE
dc.publisher.countryPerúes_PE


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