Coverart for item
The Resource Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales

Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales

Label
Financial Dollarization of Households and Firms : Does It Differ?
Title
Financial Dollarization of Households and Firms
Title remainder
Does It Differ?
Statement of responsibility
Juan S Corrales
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Using a newly complied and extended database from International Financial Statistics, and applying different panel-regression techniques, this paper documents the evolution of households' and firms' dollarization over the past decade. We assess the macroeconomic determinants of dollarization for households and firms and explore differences between high and low-income countries. We find that households' and firms' dollarization in loans and deposits are weakly explained by the currency substitution model, except in low income countries, where inflation plays a significant role. Instead, market development variables such as financial deepening, access to external debt and FX finance as well as other market considerations are key to explain the dynamics of deposits and loans dollarization, regardless of the level of income. These factors can account for a significant fraction of the dollarization, but using a variance decomposition model, there is evidence that a non-negligible portion has yet to be explained. This suggests that there are key determinants for household and firm dollarization that are not fully captured by traditional macroeconomic explanatory variables
Member of
Cataloging source
CUY
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Corrales, Juan S
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Imam, Patrick A
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Dollarization
  • Monetary policy
  • Dollarization
  • Monetary policy
Label
Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1089675181
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781484393192
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484393192.001
Specific material designation
remote
System control number
  • imfWPIEA2019019
  • (IMF)WPIEA2019019
  • (OCoLC)1089675181
Label
Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1089675181
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781484393192
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484393192.001
Specific material designation
remote
System control number
  • imfWPIEA2019019
  • (IMF)WPIEA2019019
  • (OCoLC)1089675181

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