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Financial de-dollarization: a global perspective and the Peruvian experience (Capítulo)
(Universidad del Pacífico, 2016-04)
Acceso abierto
We reappraise the cross-country evidence on the dollarization of domestic financial systems in emerging market economies. Amidst some striking heterogeneity of patterns across emerging regions, we identify a broad global ...
Monetary policy, financial dollarization and agency costs (Capítulo)
(Universidad del Pacífico, 2016-04)
Acceso abierto
This chapter models an emerging economy with financial dollarization features within an optimizing, stochastic general equilibrium setup. One key result in this framework is that unexpected nominal exchange rate fluctuations ...