The twin risks in the dollarization debate: country and devaluation risks

This paper discusses dollarization from the perspective of the relation between country and devaluation risk. In the absence of balance sheet effects, we find that a full dollarization of an economy increases its country risk. On the other hand, when balance sheet effects are present, the full dolla...

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Detalles Bibliográficos
Autores principales: Druck, Pablo, Morón, Eduardo
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2001
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Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3774
http://www.depeco.econo.unlp.edu.ar/jemi/2001/trabajo2.pdf
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