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Liability Dollarization and the Bank Balance Sheet Channel High quality books

Liability Dollarization and the Bank Balance Sheet Channel
By:Mr. David Cook,Woon Gyu Choi
Published on 2002-08-01 by International Monetary Fund

Banks in developing economies often face a mismatch in the currency denomination of their liabilities (foreign currency denominated debt) and assets (domestic currency loans to domestic borrowers). We study the effect of this mismatch on business cycles and monetary policy in a sticky-price, dynamic general equilibrium model of a small open economy. We find from the model analysis that a fixed exchange rate rule that stabilizes the balance sheets of banks offers greater stability than an interest rate rule that targets inflation in the sticky-price sector of the economy.

This Book was ranked at 24 by Google Books for keyword Credit channel.

Book ID of Liability Dollarization and the Bank Balance Sheet Channel's Books is A5LxgaQ-FWAC, Book which was written byMr. David Cook,Woon Gyu Choihave ETAG "Cgb2ieQm1SY"

Book which was published by International Monetary Fund since 2002-08-01 have ISBNs, ISBN 13 Code is 9781451901375 and ISBN 10 Code is 1451901372

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