Search
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 ...
La resiliencia macroeconómica de economías emergentes ante shocks externos (Capítulo)
(Universidad del Pacífico, 2016-04)
Acceso abierto
¿Cuán resistentes son las economías emergentes ante shocks externos adversos? Este capítulo argumenta que las condiciones económicas previas a la realización de un shock externo negativo son muy relevantes, e identifica ...
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 ...
Cyclical effects of credit conditions in a small open economy: the case of Peru (Capítulo)
(Universidad del Pacífico, 2016-04)
Acceso abierto
In this chapter we extend a new Keynesian open economy model to include a housing market and credit constraints in line with Iacoviello (2005). This setup allows us to study the effect of changes in credit conditions, ...