Now showing items 1-4 of 4
Financial dollarization and the size of the fear
(Universidad del Pacífico. Centro de Investigación, 2005-07)
Based on the significance of a Minimum Variance Portfolio (MVP) for the understanding of dollarization equilibria, a significant strand of the debate concerned with the driving forces behind this phenomenon has focused on ...
Assessing financial vulnerability in partial dollarized economies
(Universidad del Pacífico. Centro de Investigación, 2004-11)
The 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 ...
On the reasons behind fear of floating: pass-through effects vs. contractionary depreciations
(Universidad del Pacífico. Centro de Investigación, 2004-04)
Based on a simple open economy framework, this analysis rationalizes the existence of “fear of floating”-type responses and uncovers some important implications about to role of pass-through effects and contractionary ...
De-dollarizing the Peruvian economy: a portfolio approach
(Universidad del Pacífico. Centro de Investigación, 2003-09)
Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this ...