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The Impact of Deposit Dollarization on Financial Deepening
(CENTRUM Publishing, 2012)
Banks in highly dollarized economies face risks that significantly affect their ability to perform their financial intermediation role. In these economies, dollarization plays a dual role: on one hand, it provides a hedging ...
Firms’ Financing, Contract Enforcement, and Liability Dollarization
(Pontificia Universidad Católica del Perú. CENTRUM, 2010)
This paper analyzes how the presence of liability dollarization, different degrees of contract enforcement, and the possibility to default on debts affect firms’ financing decisions. The framework is a dynamic model of ...