Coverart for item
The Resource Financial Dollarization in Latin America, Robert Rennhack

Financial Dollarization in Latin America, Robert Rennhack

Label
Financial Dollarization in Latin America
Title
Financial Dollarization in Latin America
Statement of responsibility
Robert Rennhack
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding that an exchange rate policy biased towards currency depreciation and currency mismatches tends to contribute to high FD and that FD is highly persistent. These results suggest that countries with significant FD should encourage the use of domestic currency by maintaining macroeconomic stability; allowing more exchange rate flexibility and less bias towards currency depreciation; and adapting prudential regulations to ensure that costs associated with FD are fully internalized in financial contracts. At the same time, restoring confidence in the domestic currency may take many years of sound policies
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Rennhack, Robert
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
R466 2006 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Nozaki, Masahiro
  • Rennhack, Robert
Series statement
IMF Working Paper
Series volume
WP/06/7
http://library.link/vocab/subjectName
  • Central Banking
  • Exchange Rate Flexibility
  • Exchange Rate
  • Financial Institutions and Services: General
  • Foreign Currency
  • Inflation
  • Argentina
  • Bolivia
  • Brazil
  • Peru
  • Uruguay
Label
Financial Dollarization in Latin America, Robert Rennhack
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2006007
Dimensions
unknown
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781451862676
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451862676.001
Specific material designation
remote
System control number
(IMF)WPIEA2006007
Label
Financial Dollarization in Latin America, Robert Rennhack
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2006007
Dimensions
unknown
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781451862676
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451862676.001
Specific material designation
remote
System control number
(IMF)WPIEA2006007

Library Locations

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