Understanding Dollarization: causes and impact of partial dollarization on developing and emerging markets
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berlin
De Gruyter Oldenbourg
[2016]
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 127 Seiten Diagramme |
| ISBN: | 9783110442182 3110442183 |
Staff View
MARC
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Record in the Search Index
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CONTENTS
I APRIMERON DOLLARIZATION -
1
I
I INTRODUCTION--
1
1.2 ASSET VS CURRENCY SUBSTITUTION-
2
1.3 OFFICIAL AND PARTIAL DOLLARIZATION - 3
1
YY
MEASURING THE DEGREE OF PARTIAL DOLLARIZATION-
7
1.5 CAUSES OF DOLLARIZATION - 7
1.6 DOLLARIZATION AND BANKING DOLLARIZATION - 13
1.7 A BRIEF HISTORY OF DOLLARIZATION AROUND THE GLOBE-- 20
1.7.1 LATIN AMERICA -
20
1.7.2 TRANSITION ECONOMIES -
24
1.7.3 ASIA ^-
27
1.7.4 SUB-SAHARAN AFRICA -
27
1.8 EXCHANGE RATE REGIMES AND DOLLARIZATION -
27
7
PROS AND CONS OF DOLLARIZATION -
3
2
2.1 INTRODUCTION -
32
2.2 ARGUMENTS IN FAVOR OF DOLLARIZATION - 32
2.2.1 INFIATION REDUCTION - 34
2.2.2 FISCAL DISCIPLINE -
35
2.2.3 REDUCTION YYN THE COST OF BORROWING-
35
2.2.4 LOWER TRANSACTION COSTS -
36
2.3 BENEFITS OF PARTIAL DOLLARIZATION - 38
2.3.1 ENCOURAGES SAVING -
38
2.3.2 PROMOTES FINANCIAL DEEPENING-
3
YY
7 YY
ARGUMENTS AGAINST DOLLARIZATION - 40
YY
L
A
COSTS OF DOLLARIZATION UNDER FULL DOLLARIZATIO
-
40
2.4.1.1 LOSS OF MONETARY P
0
YYCY- 40
2.4.1.2 INABILITY TO ACT AS A LENDER OF LAST RESORT - 40
2.4.2 COSTS OF DOLLARIZATION UNDER PARTIAL DOLLARIZATION- 40
2.4.2.1 INCREASED FOREIGN EXCHANGE RATE RISKFORTHE BANKING SYSTEM -
41
2YY.2.2
MISMATCH OF FOREIGN CURRENCY ASSETS AND LIABILITIES -
41
2.4.2.3 INCREASED DEFAULT RISK -
2
YY
4.2.4 MONETARY POLICY CHALLENGES - 42
3 WHAT CAUSES DOLLARIZATION? - 45
3.1 INTRODUCTION- 45
3.2 INFLATION AND DOLLARIZATION -
45
3.3 TRANSMISSION MECHANISMS -
47
3.3.1 THETRADE CHANNEYY -
48
3.3.2 THE CREDIT CHANNEL^48
3.3.3
"ABILITY CHANNEL -
49
3.3.4
EVIDENCE ON CURRENCY SUBSTITUTION THEORY -
-53
3.4
DE-DOLLARIZATION HYSTERESIS -
5YY
3.5
NEWLDEAS -
58
3.5.1
INFLATION IN COLLECTIVE MEMORY -
58
35.2
MINIMUM VARIANCE PORTFOLIO (MVP) THEORY
YY59
3.5.2.1
THE MVP MODEL -
60
3.5.2.2
EVIDENCE THAT SUPPORTS THE MVP THEORY- 62
3.5.3
INSTITUTIONSARGUMENT -
63
4
THE IMPACT OF DOLLARIZATION ON BANKING SYSTEMS
-
67
4.1
INTRODUCTION -
67
4.2
WHY DO GOVERNMENTS ALLOW FOREIGN CURRENCY ACCOUNTS AND FOREIGN
CURRENCY LENDING IN THE BANKING SYSTEM?-
-68
4.3
BANKING RISKS IN A PARTIALLY DOLLARIZED ECONOMY- 70
YY
YY
YY
CURRENCY MISMATCH RISK-
70
4.3.2
FROM CURRENCY MISMATCH RISK TO DEFAULT RISK-
73
4.4
EMPIRICAL EVIDENCE -
78
5 DOLLARIZATION. FINANCIAL DEEPENING
AND FINANCIAL INCLUSION -
8
YY
5.1 INTRODUCTION -
83
5.2 WHAT WE KNOW ABOUT FINANCIAL DEPTH AND DOLLARIZATION: A REVIEW -
83
5.3 FINANCIAL INCLUSION -
93
5.4 BITCOIN: THE NEW FUTURE FORM OF DOLLARIZATION? -
102
6 POLICY INTERVENTIONS IN DOLLARIZED ECONOMIES-
1.5
6.1 INTMHIIRTINN-
1YYYY
6.2 MONETARY POLICY IN PARTIALLY DOLLARIZED ECONOMIES -
106
6.3 REGULATORY ATTITUDES TOWARD DOLLARIZATION IN THE AFTERMATH OF THE
FINANCIAL CRISIS -
109
6.4 CASE STUDY: TURKEY -
112
7 CONCLUSIONS-
121
REFERENCES -
125
INDEX -
129 |
| any_adam_object | 1 |
| author | Ozsoz, Emre 1978- Rengifo, Erick W. |
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| author_facet | Ozsoz, Emre 1978- Rengifo, Erick W. |
| author_role | aut aut |
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| dewey-ones | 330 - Economics |
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| dewey-search | 330 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| spelling | Ozsoz, Emre 1978- (DE-588)1103029797 aut Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets Emre Ozsoz, Erick W. Rengifo Berlin De Gruyter Oldenbourg [2016] © 2016 127 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Währungssubstitution (DE-588)4249325-0 gnd rswk-swf Parallelwährung (DE-588)4173285-6 gnd rswk-swf Schwellenländer (DE-588)4053920-9 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 g Schwellenländer (DE-588)4053920-9 g Parallelwährung (DE-588)4173285-6 s Währungssubstitution (DE-588)4249325-0 s DE-604 Rengifo, Erick W. (DE-588)12948301X aut DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028247006&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ozsoz, Emre 1978- Rengifo, Erick W. Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets Währungssubstitution (DE-588)4249325-0 gnd Parallelwährung (DE-588)4173285-6 gnd |
| subject_GND | (DE-588)4249325-0 (DE-588)4173285-6 (DE-588)4053920-9 (DE-588)4014954-7 |
| title | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets |
| title_auth | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets |
| title_exact_search | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets |
| title_full | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets Emre Ozsoz, Erick W. Rengifo |
| title_fullStr | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets Emre Ozsoz, Erick W. Rengifo |
| title_full_unstemmed | Understanding Dollarization causes and impact of partial dollarization on developing and emerging markets Emre Ozsoz, Erick W. Rengifo |
| title_short | Understanding Dollarization |
| title_sort | understanding dollarization causes and impact of partial dollarization on developing and emerging markets |
| title_sub | causes and impact of partial dollarization on developing and emerging markets |
| topic | Währungssubstitution (DE-588)4249325-0 gnd Parallelwährung (DE-588)4173285-6 gnd |
| topic_facet | Währungssubstitution Parallelwährung Schwellenländer Entwicklungsländer |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028247006&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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