Format:
Online-Ressource (19 p)
Edition:
Online-Ausg.
ISBN:
145184199X
,
9781451841992
Series Statement:
IMF Working Papers Working Paper No. 96/4
Content:
This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the allocation of foreign currency deposits, and the behavior of money velocity. The discussion stresses the role of institutional factors, macroeconomic conditions, and the dynamics of money demand In shaping the dollarization process; it also highlights the shortcomings of indicators frequently employed to analyze the phenomenon. The paper provides a brief critical assessment of the empirical literature on dollarization, and identifies areas where further research seems warranted
Additional Edition:
Erscheint auch als Druck-Ausgabe Savastano, Miguel Dollarization in Latin America: Recent Evidence and Some Policy Issues Washington, D.C. : International Monetary Fund, 1996 ISBN 9781451841992
Language:
English
DOI:
10.5089/9781451841992.001
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