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dc.contributor.authorCastillo, Paul
dc.contributor.authorMontoro, Carlos
dc.date.accessioned2021-09-30T18:20:51Z
dc.date.available2021-09-30T18:20:51Z
dc.date.issued2016-04
dc.identifier.urihttps://hdl.handle.net/11354/3198
dc.identifier.citationCastillo, P., & Montoro, C. (2016). Income distribution and endogenous dollarization. En G. Yamada, & D. Winkelried (Eds.), Política y estabilidad monetaria en el Perú: Homenaje a Julio Velarde, Banquero Central del año 2015 (pp. 237-268). Universidad del Pacífico. https://hdl.handle.net/11354/3198es_PE
dc.description.abstractIn this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This framework provides a theoretical link between asset and transaction dollarization. We find that transaction dollarization depends positively on asset dollarization. The exact relationship between transaction and asset dollarization is shaped by the income distribution. Furthermore, for partial asset dollarization, luxury goods, those associated to high-income customers, are endogenously priced in foreign currency, while high priority goods, those associated to low-income customers, are priced in domestic currency. When dollarization is partial, asset dollarization is always higher than transaction dollarization.en
dc.formatapplication/pdfes_PE
dc.language.isoenges_PE
dc.publisherUniversidad del Pacíficoes_PE
dc.relation.ispartofhttp://hdl.handle.net/11354/2207es_PE
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.subjectDistribución del ingreso--Perúes_PE
dc.subjectDolarización--Perúes_PE
dc.titleIncome distribution and endogenous dollarization (Capítulo)es_PE
dc.typeinfo:eu-repo/semantics/bookPartes_PE
dc.publisher.countryPEes_PE
dc.subject.ocdehttp://purl.org/pe-repo/ocde/ford#5.02.01es_PE


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