Best Seller Dollarization of Liabilities

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Dollarization of Liabilities High quality books

Dollarization of Liabilities
By:Mr. Adolfo Barajas,Mr. Armando Méndez Morales
Published on 2003-01-01 by International Monetary Fund

Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of emerging markets to financial and currency crises. |Usual suspects| of causing DL comprise |fatalistic| determinants such as a long history of unsound macroeconomic policies and development and institutional factors, aided by moral hazard opportunities related to government guarantees. This paper assesses empirically the relevance of these factors relative to alternative explanations. Based on a sample of Latin American countries, we find that ongoing central bank intervention in the foreign exchange market, relative market power of borrowers, and financial penetration are at least as important in explaining DL.

This Book was ranked at 16 by Google Books for keyword Credit channel.

Book ID of Dollarization of Liabilities's Books is k8SfCikWuuMC, Book which was written byMr. Adolfo Barajas,Mr. Armando Méndez Moraleshave ETAG "mQYyf2KC+Nw"

Book which was published by International Monetary Fund since 2003-01-01 have ISBNs, ISBN 13 Code is 9781452748290 and ISBN 10 Code is 1452748292

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Book which have "41 Pages" is Printed at BOOK under CategoryBusiness and Economics

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