Best Seller Dollarization, Monetary Policy, and the Pass-Through

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Dollarization, Monetary Policy, and the Pass-Through High quality books

Dollarization, Monetary Policy, and the Pass-Through
By:Mr. Alain Ize,Mr. Eric Parrado
Published on 2002-11-01 by International Monetary Fund

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of financial contracts), and monetary policy interact in a general equilibrium, new open-economy macroeconomics model with real shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy optimally (maximize local welfare). Suboptimal monetary policies are more likely to induce real dollarization when the correlation between domestic and external shocks is high, since in this case the (presumably optimal) foreign monetary policy guarantees a better level of protection against macroeconomic uncertainty. While real dollarization contributes to financial dollarization, important asymmetries between the two were found.

This Book was ranked at 10 by Google Books for keyword Credit channel.

Book ID of Dollarization, Monetary Policy, and the Pass-Through's Books is b9AKi1nFQrAC, Book which was written byMr. Alain Ize,Mr. Eric Parradohave ETAG "ipSX0vavtPw"

Book which was published by International Monetary Fund since 2002-11-01 have ISBNs, ISBN 13 Code is 9781451904932 and ISBN 10 Code is 1451904932

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Book which have "34 Pages" is Printed at BOOK under CategoryBusiness and Economics

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