Author: Bettina PeiersPublisher:
ISBN:
Category : Foreign exchange market
Languages : en
Pages : 41
Book Description
Dollarization Hysteresis and Network Externalities
Author: Bettina PeiersPublisher:
ISBN:
Category : Foreign exchange market
Languages : en
Pages : 41
Book Description
Dollarization Hysteresis and Network Externalities: Theory and Evidence from an Informal Bolivian Credit Market
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Federal Reserve Bank of Philadelphia presents the full text of the 1997 working paper entitled "Dollarization Hysteresis and Network Externalities: Theory and Evidence from an Informal Bolivian Credit Market," written by Bettina Peiers and Jeffrey M. Wrase. The text is available in PDF format. This paper examines network externalities from currency acceptability as a determinant of observed persistence of dollarization in Latin American countries and develops a model. The authors find that credible exchange rate stabilization policy alone is not sufficient to achieve dollarization reversal.
Network Externalities and Dollarization Hysteresis
Author: Nienke OomesPublisher: International Monetary Fund
ISBN: 1451851936
Category : Business & Economics
Languages : en
Pages : 37
Book Description
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this "dollarization hysteresis," this paper develops a model in which network externalities in the demand for currency can generate multiple stable steady states for the dollarization ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these estimates, which confirm the existence of network externalities, the paper discusses several policies that could result in a permanent decrease in dollarization.
Journal of International Money and Finance
Author: Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 1182
Book Description
Earlier place of publication varies.
Essays on Network Externalities and Aggregate Persistence
Author: Nienke A. OomesThe Fed in Print
Author: Global Economic Prospects, June 2021
Author: World BankPublisher: World Bank Publications
ISBN: 1464816662
Category : Business & Economics
Languages : en
Pages : 339
Book Description
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Contents of Recent Economics Journals
Author: Essays on International Money
Author: Prakash KannanDollarization in Latin America
Author: Mr.Pablo Emilio GuidottiPublisher: International Monetary Fund
ISBN: 1451941358
Category : Business & Economics
Languages : en
Pages : 32
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.