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
Resource Information
The item Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Extent
- 1 online resource (45 pages)
- Isbn
- 9781484393192
- 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
- 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
- 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
- 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
- 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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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Financial-Dollarization-of-Households-and-Firms-/FLR8e64TJoM/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Financial-Dollarization-of-Households-and-Firms-/FLR8e64TJoM/">Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Financial-Dollarization-of-Households-and-Firms-/FLR8e64TJoM/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Financial-Dollarization-of-Households-and-Firms-/FLR8e64TJoM/">Financial Dollarization of Households and Firms : Does It Differ?, Juan S Corrales</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
