Documents & Reports

Financial dollarization and central bank credibility (English)

Abstract

Why do firms and banks hold foreign currency denominated liabilities? The authors argue that foreign currency debt, by altering the effect of a devaluation on output, has a disciplining effect when the Central Bank's objectives differ from the social ... See More +

Details

  • Cowan, kevin; Quy-Toan Do;
  • 2003/06/30
  • Policy Research Working Paper
  • WPS3082
  • 1
  • Financial dollarization and central bank credibility
See More +

Downloads

Complete Report in English

Official version of document (may contain signatures, etc)

*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Light-Weight Documents

Lighter (less MB) documents which may or may not be the final, official version.

Citation