The Impact of Deposit Dollarization on Financial Deepening

Descripción del Articulo

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 instrument protecting the value of savings and, on the other hand, it genera...

Descripción completa

Detalles Bibliográficos
Autores: Court Monteverde, Eduardo, Ozsoz, Emre, Rengifo Minaya, Erick Williams
Formato: documento de trabajo
Fecha de Publicación:2012
Institución:Pontificia Universidad Católica del Perú
Repositorio:PUCP-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.pucp.edu.pe:20.500.14657/166767
Enlace del recurso:https://repositorio.pucp.edu.pe/index/handle/123456789/166767
http://dx.doi.org/10.7835/ccwp-2012-09-0002
Nivel de acceso:acceso abierto
Materia:Dollarization
Financial development
Financial deepening
http://purl.org/pe-repo/ocde/ford#5.02.04
id RPUC_65545918d13bd12b36afce7be4a33a26
oai_identifier_str oai:repositorio.pucp.edu.pe:20.500.14657/166767
network_acronym_str RPUC
network_name_str PUCP-Institucional
repository_id_str 2905
spelling Court Monteverde, EduardoOzsoz, EmreRengifo Minaya, Erick Williams2019-09-03T00:14:30Z2019-09-03T00:14:30Z2012https://repositorio.pucp.edu.pe/index/handle/123456789/166767http://dx.doi.org/10.7835/ccwp-2012-09-0002Banks 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 instrument protecting the value of savings and, on the other hand, it generates currency mismatch on banks’ balance sheets and increases default risk. Through these effects deposit dollarization can impact credit extension. This paper investigates the role of deposit dollarization on the financial depth of 44 emerging market economies. Findings suggest that deposit dollarization has a consistent and negative impact on financial deepening, except in high-inflation economies.engCENTRUM PublishingPEinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/2.5/pe/DollarizationFinancial developmentFinancial deepeninghttp://purl.org/pe-repo/ocde/ford#5.02.04The Impact of Deposit Dollarization on Financial Deepeninginfo:eu-repo/semantics/workingPaperDocumento de trabajoreponame:PUCP-Institucionalinstname:Pontificia Universidad Católica del Perúinstacron:PUCPORIGINALCEFE_WP2012-09-0002.pdfCEFE_WP2012-09-0002.pdfTexto completoapplication/pdf167937https://repositorio.pucp.edu.pe/bitstreams/e9918ae3-1219-43fc-b9c8-c38e53e67512/downloadccf0367a3b07824fea7c3f2b79903ccbMD51trueAnonymousREADTHUMBNAILCEFE_WP2012-09-0002.pdf.jpgCEFE_WP2012-09-0002.pdf.jpgIM Thumbnailimage/jpeg16708https://repositorio.pucp.edu.pe/bitstreams/3d967ae5-0ff1-4aac-846a-6b9c772b5c9b/download05f0aeae2af808125f33e3cf47bf97eaMD52falseAnonymousREAD20.500.14657/166767oai:repositorio.pucp.edu.pe:20.500.14657/1667672024-10-05 18:30:05.737https://creativecommons.org/licenses/by-nc-nd/2.5/pe/info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.pucp.edu.peRepositorio Institucional de la PUCPrepositorio@pucp.pe
dc.title.es_ES.fl_str_mv The Impact of Deposit Dollarization on Financial Deepening
title The Impact of Deposit Dollarization on Financial Deepening
spellingShingle The Impact of Deposit Dollarization on Financial Deepening
Court Monteverde, Eduardo
Dollarization
Financial development
Financial deepening
http://purl.org/pe-repo/ocde/ford#5.02.04
title_short The Impact of Deposit Dollarization on Financial Deepening
title_full The Impact of Deposit Dollarization on Financial Deepening
title_fullStr The Impact of Deposit Dollarization on Financial Deepening
title_full_unstemmed The Impact of Deposit Dollarization on Financial Deepening
title_sort The Impact of Deposit Dollarization on Financial Deepening
author Court Monteverde, Eduardo
author_facet Court Monteverde, Eduardo
Ozsoz, Emre
Rengifo Minaya, Erick Williams
author_role author
author2 Ozsoz, Emre
Rengifo Minaya, Erick Williams
author2_role author
author
dc.contributor.author.fl_str_mv Court Monteverde, Eduardo
Ozsoz, Emre
Rengifo Minaya, Erick Williams
dc.subject.es_ES.fl_str_mv Dollarization
Financial development
Financial deepening
topic Dollarization
Financial development
Financial deepening
http://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.ocde.none.fl_str_mv http://purl.org/pe-repo/ocde/ford#5.02.04
description 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 instrument protecting the value of savings and, on the other hand, it generates currency mismatch on banks’ balance sheets and increases default risk. Through these effects deposit dollarization can impact credit extension. This paper investigates the role of deposit dollarization on the financial depth of 44 emerging market economies. Findings suggest that deposit dollarization has a consistent and negative impact on financial deepening, except in high-inflation economies.
publishDate 2012
dc.date.accessioned.none.fl_str_mv 2019-09-03T00:14:30Z
dc.date.available.none.fl_str_mv 2019-09-03T00:14:30Z
dc.date.issued.fl_str_mv 2012
dc.type.none.fl_str_mv info:eu-repo/semantics/workingPaper
dc.type.other.none.fl_str_mv Documento de trabajo
format workingPaper
dc.identifier.uri.none.fl_str_mv https://repositorio.pucp.edu.pe/index/handle/123456789/166767
dc.identifier.doi.none.fl_str_mv http://dx.doi.org/10.7835/ccwp-2012-09-0002
url https://repositorio.pucp.edu.pe/index/handle/123456789/166767
http://dx.doi.org/10.7835/ccwp-2012-09-0002
dc.language.iso.es_ES.fl_str_mv eng
language eng
dc.rights.es_ES.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.uri.*.fl_str_mv https://creativecommons.org/licenses/by-nc-nd/2.5/pe/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/2.5/pe/
dc.publisher.es_ES.fl_str_mv CENTRUM Publishing
dc.publisher.country.none.fl_str_mv PE
dc.source.none.fl_str_mv reponame:PUCP-Institucional
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
instname_str Pontificia Universidad Católica del Perú
instacron_str PUCP
institution PUCP
reponame_str PUCP-Institucional
collection PUCP-Institucional
bitstream.url.fl_str_mv https://repositorio.pucp.edu.pe/bitstreams/e9918ae3-1219-43fc-b9c8-c38e53e67512/download
https://repositorio.pucp.edu.pe/bitstreams/3d967ae5-0ff1-4aac-846a-6b9c772b5c9b/download
bitstream.checksum.fl_str_mv ccf0367a3b07824fea7c3f2b79903ccb
05f0aeae2af808125f33e3cf47bf97ea
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
repository.name.fl_str_mv Repositorio Institucional de la PUCP
repository.mail.fl_str_mv repositorio@pucp.pe
_version_ 1835639453576593408
score 13.836569
The Impact of Deposit Dollarization on Financial Deepening
Nota importante:
La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).

Ejemplares Similares