Assessing financial vulnerability in partial dollarized economies

The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of i...

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Guardado en:
Detalles Bibliográficos
Autores principales: Castro, Juan Francisco, Morón, Eduardo, Winkelried, Diego
Formato: Libro
Lenguaje:Inglés
Publicado: 2014
Materias:
Política monetaria
Acceso en línea:http://hdl.handle.net/11354/281
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=11354281oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-11354281oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Inglés
topic Política monetaria
spellingShingle Política monetaria
Castro, Juan Francisco
Morón, Eduardo
Winkelried, Diego
Assessing financial vulnerability in partial dollarized economies
topic_facet Política monetaria
description The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of investment, we claim that, in absence of an asset price channel, departures from a pure float will mitigate vulnerability and improve welfare. Conversely, with an active asset price channel a tighter exchange rate policy will have marginal effects on welfare and vulnerability when compared to that associated to a reduction in liability dollarization.
format Libro
Libro
author Castro, Juan Francisco
Morón, Eduardo
Winkelried, Diego
author_facet Castro, Juan Francisco
Morón, Eduardo
Winkelried, Diego
author_sort Castro, Juan Francisco
title Assessing financial vulnerability in partial dollarized economies
title_short Assessing financial vulnerability in partial dollarized economies
title_full Assessing financial vulnerability in partial dollarized economies
title_fullStr Assessing financial vulnerability in partial dollarized economies
title_full_unstemmed Assessing financial vulnerability in partial dollarized economies
title_sort assessing financial vulnerability in partial dollarized economies
publishDate 2014
url http://hdl.handle.net/11354/281
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=11354281oai
work_keys_str_mv AT castrojuanfrancisco assessingfinancialvulnerabilityinpartialdollarizedeconomies
AT moroneduardo assessingfinancialvulnerabilityinpartialdollarizedeconomies
AT winkelrieddiego assessingfinancialvulnerabilityinpartialdollarizedeconomies
bdutipo_str Repositorios
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