European Parliament Library

Financial De-Dollarization :, Is it for Real?, Eduardo Levy Yeyati, Alain Ize

Contributor
Abstract
De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a foreign currency, is a policy concern in an increasing number of developing economies. This paper addresses the dollarization debate from this perspective, with the goal of setting the stage for a more detailed and focused discussion of whether de-dollarization should be a policy objective and, if so, how best to pursue this objective. We review existing theories of de facto dollarization and the extent to which they are supported by the available evidence, presents the main strategies for reform, and proposes a list of policy recommendations
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL DOLLARIZATION AS FINANCIAL EQUILIBRIUM: THEORIES OF DE FACTO DOLLARIZATION""; ""III. WHAT GUIDANCE DOES THE EMPIRICAL EVIDENCE PROVIDE?""; ""IV. HOW CONCERNED SHOULD COUNTRIES BE?""; ""V. WHAT CAN BE DONE?""; ""VI. CONCLUSIONS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (31 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613824271

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