Income distribution and endogenous dollarization (Capítulo)

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In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This framework provides a theoretical link between asset and transaction dollarizati...

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Detalles Bibliográficos
Autores: Castillo, Paul, Montoro, Carlos
Formato: capítulo de libro
Fecha de Publicación:2016
Institución:Universidad del Pacífico
Repositorio:UP-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.up.edu.pe:11354/3198
Enlace del recurso:https://hdl.handle.net/11354/3198
Nivel de acceso:acceso abierto
Materia:Distribución del ingreso--Perú
Dolarización--Perú
https://purl.org/pe-repo/ocde/ford#5.02.01
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dc.title.es_PE.fl_str_mv Income distribution and endogenous dollarization (Capítulo)
title Income distribution and endogenous dollarization (Capítulo)
spellingShingle Income distribution and endogenous dollarization (Capítulo)
Castillo, Paul
Distribución del ingreso--Perú
Dolarización--Perú
https://purl.org/pe-repo/ocde/ford#5.02.01
title_short Income distribution and endogenous dollarization (Capítulo)
title_full Income distribution and endogenous dollarization (Capítulo)
title_fullStr Income distribution and endogenous dollarization (Capítulo)
title_full_unstemmed Income distribution and endogenous dollarization (Capítulo)
title_sort Income distribution and endogenous dollarization (Capítulo)
author Castillo, Paul
author_facet Castillo, Paul
Montoro, Carlos
author_role author
author2 Montoro, Carlos
author2_role author
dc.contributor.author.fl_str_mv Castillo, Paul
Montoro, Carlos
dc.subject.es_PE.fl_str_mv Distribución del ingreso--Perú
Dolarización--Perú
topic Distribución del ingreso--Perú
Dolarización--Perú
https://purl.org/pe-repo/ocde/ford#5.02.01
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.01
description In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This framework provides a theoretical link between asset and transaction dollarization. We find that transaction dollarization depends positively on asset dollarization. The exact relationship between transaction and asset dollarization is shaped by the income distribution. Furthermore, for partial asset dollarization, luxury goods, those associated to high-income customers, are endogenously priced in foreign currency, while high priority goods, those associated to low-income customers, are priced in domestic currency. When dollarization is partial, asset dollarization is always higher than transaction dollarization.
publishDate 2016
dc.date.accessioned.none.fl_str_mv 2021-09-30T18:20:51Z
dc.date.available.none.fl_str_mv 2021-09-30T18:20:51Z
dc.date.issued.fl_str_mv 2016-04
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dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/11354/3198
dc.identifier.citation.es_PE.fl_str_mv Castillo, P., & Montoro, C. (2016). Income distribution and endogenous dollarization. En G. Yamada, & D. Winkelried (Eds.), Política y estabilidad monetaria en el Perú: Homenaje a Julio Velarde, Banquero Central del año 2015 (pp. 237-268). Universidad del Pacífico. https://hdl.handle.net/11354/3198
url https://hdl.handle.net/11354/3198
identifier_str_mv Castillo, P., & Montoro, C. (2016). Income distribution and endogenous dollarization. En G. Yamada, & D. Winkelried (Eds.), Política y estabilidad monetaria en el Perú: Homenaje a Julio Velarde, Banquero Central del año 2015 (pp. 237-268). Universidad del Pacífico. https://hdl.handle.net/11354/3198
dc.language.iso.none.fl_str_mv eng
language eng
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dc.publisher.es_PE.fl_str_mv Universidad del Pacífico
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spelling Castillo, PaulMontoro, Carlos2021-09-30T18:20:51Z2021-09-30T18:20:51Z2016-04https://hdl.handle.net/11354/3198Castillo, P., & Montoro, C. (2016). Income distribution and endogenous dollarization. En G. Yamada, & D. Winkelried (Eds.), Política y estabilidad monetaria en el Perú: Homenaje a Julio Velarde, Banquero Central del año 2015 (pp. 237-268). Universidad del Pacífico. https://hdl.handle.net/11354/3198In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This framework provides a theoretical link between asset and transaction dollarization. We find that transaction dollarization depends positively on asset dollarization. The exact relationship between transaction and asset dollarization is shaped by the income distribution. Furthermore, for partial asset dollarization, luxury goods, those associated to high-income customers, are endogenously priced in foreign currency, while high priority goods, those associated to low-income customers, are priced in domestic currency. 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Income distribution and endogenous dollarization (Capítulo)
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