Coverart for item
The Resource What is driving financial de-dollarization in Latin America?, Mercedes García-Escribano and Sebastián Sosa, International Monetary Fund

What is driving financial de-dollarization in Latin America?, Mercedes García-Escribano and Sebastián Sosa, International Monetary Fund

Label
What is driving financial de-dollarization in Latin America?
Title
What is driving financial de-dollarization in Latin America?
Statement of responsibility
Mercedes García-Escribano and Sebastián Sosa, International Monetary Fund
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
In the last decade, a group of Latin American countries (Bolivia, Paraguay, Peru, and Uruguay) experienced a gradual, yet sustained decline in financial dollarization. This paper documents the stylized facts and uses a standard VAR approach to examine the drivers of both deposit and credit de-dollarization. It finds that the exchange rate appreciation has been a key factor explaining deposit de-dollarization. The introduction of prudential measures to create incentives to internalize the risks of dollarization (including an active management of reserve requirement differentials), the developme
Member of
Cataloging source
AU@
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Garcia-Escribano, Mercedes
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG221
LC item number
.G373 2010 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Sosa, Sebastian
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/11/10
http://library.link/vocab/subjectName
  • Dollarization
  • South America
Label
What is driving financial de-dollarization in Latin America?, Mercedes García-Escribano and Sebastián Sosa, International Monetary Fund
Instantiates
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Evolution of Dollarization in Selected Countries of Latin America; II. De-dollarization Trend-Stylized Facts; 2. Evolution of Financial Dollarization; 1. De-dollarization 200110; 3. Evolution of Deposit Dollarization by Maturity; 4. Evolution of Credit Dollarization by Type of Credit; 2. Peru: Decomposition of De-dollarization Into a Within and Between Components; III. Explaining De-dollarization: Empirical Approach; A. Methodology; 3. Definition of Variables in the VAR
  • 11. Response of Dollarization to the Introduction of Prudential Measures12. Response of Dollarization to the Issuance of Local Currency Long-term Bonds; 13. Response of Dollarization to an Exchange Rate Shock; 14. Response of Dollarization to an Exchange Rate Volatility Shock; 4. Size of the Shock; 15. Response of Credit Dollarization to a Shock to Deposit Dollarization; 5. Variance Decomposition of Changes in Credit Dollarization; 6. Variance Decomposition of Changes in Deposit Dollarization; 7. What Drives De-dollarization?; V. Concluding Remarks; References; Footnotes
  • B. Macro variables-the role of exchange rate trend and volatility5. Evolution of Inflation; 6. Changes in the Exchange Rate and Dollarization Ratios, 2003-2010; 7. Evolution of the Nominal Exchange Rate and Dollarization; 8. Exchange Rate Volatility and Changes in Dollarization; C. The introduction of prudential measures; D. Capital market development in local currency; 9. Development of Debt Market in Domestic Currency and Dollarization; IV. Empirical Results; 10. Response of Dollarization to a Shock to Differential Reserve Requirement Ratios
Control code
1058542273
Dimensions
unknown
Extent
1 online resource (40 pages)
Form of item
online
Isbn
9781283569194
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • imfWPIEA2011010
  • (IMF)WPIEA2011010
  • (OCoLC)1058542273
Label
What is driving financial de-dollarization in Latin America?, Mercedes García-Escribano and Sebastián Sosa, International Monetary Fund
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Evolution of Dollarization in Selected Countries of Latin America; II. De-dollarization Trend-Stylized Facts; 2. Evolution of Financial Dollarization; 1. De-dollarization 200110; 3. Evolution of Deposit Dollarization by Maturity; 4. Evolution of Credit Dollarization by Type of Credit; 2. Peru: Decomposition of De-dollarization Into a Within and Between Components; III. Explaining De-dollarization: Empirical Approach; A. Methodology; 3. Definition of Variables in the VAR
  • 11. Response of Dollarization to the Introduction of Prudential Measures12. Response of Dollarization to the Issuance of Local Currency Long-term Bonds; 13. Response of Dollarization to an Exchange Rate Shock; 14. Response of Dollarization to an Exchange Rate Volatility Shock; 4. Size of the Shock; 15. Response of Credit Dollarization to a Shock to Deposit Dollarization; 5. Variance Decomposition of Changes in Credit Dollarization; 6. Variance Decomposition of Changes in Deposit Dollarization; 7. What Drives De-dollarization?; V. Concluding Remarks; References; Footnotes
  • B. Macro variables-the role of exchange rate trend and volatility5. Evolution of Inflation; 6. Changes in the Exchange Rate and Dollarization Ratios, 2003-2010; 7. Evolution of the Nominal Exchange Rate and Dollarization; 8. Exchange Rate Volatility and Changes in Dollarization; C. The introduction of prudential measures; D. Capital market development in local currency; 9. Development of Debt Market in Domestic Currency and Dollarization; IV. Empirical Results; 10. Response of Dollarization to a Shock to Differential Reserve Requirement Ratios
Control code
1058542273
Dimensions
unknown
Extent
1 online resource (40 pages)
Form of item
online
Isbn
9781283569194
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • imfWPIEA2011010
  • (IMF)WPIEA2011010
  • (OCoLC)1058542273

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