Assessing financial vulnerability in partial dollarized economies

Descripción del Articulo

The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of i...

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Detalles Bibliográficos
Autores: Castro, Juan Francisco, Morón, Eduardo, Winkelried, Diego
Formato: documento de trabajo
Fecha de Publicación:2004
Institución:Universidad del Pacífico
Repositorio:UP-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.up.edu.pe:11354/281
Enlace del recurso:http://hdl.handle.net/11354/281
Nivel de acceso:acceso abierto
Materia:Política monetaria
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dc.title.es_PE.fl_str_mv Assessing financial vulnerability in partial dollarized economies
title Assessing financial vulnerability in partial dollarized economies
spellingShingle Assessing financial vulnerability in partial dollarized economies
Castro, Juan Francisco
Política monetaria
title_short Assessing financial vulnerability in partial dollarized economies
title_full Assessing financial vulnerability in partial dollarized economies
title_fullStr Assessing financial vulnerability in partial dollarized economies
title_full_unstemmed Assessing financial vulnerability in partial dollarized economies
title_sort Assessing financial vulnerability in partial dollarized economies
author Castro, Juan Francisco
author_facet Castro, Juan Francisco
Morón, Eduardo
Winkelried, Diego
author_role author
author2 Morón, Eduardo
Winkelried, Diego
author2_role author
author
dc.contributor.author.fl_str_mv Castro, Juan Francisco
Morón, Eduardo
Winkelried, Diego
dc.subject.es_PE.fl_str_mv Política monetaria
topic Política monetaria
description The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of investment, we claim that, in absence of an asset price channel, departures from a pure float will mitigate vulnerability and improve welfare. Conversely, with an active asset price channel a tighter exchange rate policy will have marginal effects on welfare and vulnerability when compared to that associated to a reduction in liability dollarization.
publishDate 2004
dc.date.accessioned.none.fl_str_mv 2014-06-30T18:11:48Z
dc.date.available.none.fl_str_mv 2014-06-30T18:11:48Z
dc.date.issued.fl_str_mv 2004-11
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dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/11354/281
dc.identifier.citation.es_PE.fl_str_mv Castro, J., Morón, E., & Winkelried, D. (2004). Assessing financial vulnerability in partial dollarized economies. Lima: Universidad del Pacífico, Centro de Investigación. Recuperado de http://hdl.handle.net/11354/281
url http://hdl.handle.net/11354/281
identifier_str_mv Castro, J., Morón, E., & Winkelried, D. (2004). Assessing financial vulnerability in partial dollarized economies. Lima: Universidad del Pacífico, Centro de Investigación. Recuperado de http://hdl.handle.net/11354/281
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documento de discusión;n° DD/04/03
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dc.publisher.es_PE.fl_str_mv Universidad del Pacífico. Centro de Investigación
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dc.source.es_PE.fl_str_mv Repositorio de la Universidad del Pacífico - UP
Universidad del Pacífico
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spelling Castro, Juan FranciscoMorón, EduardoWinkelried, Diego2014-06-30T18:11:48Z2014-06-30T18:11:48Z2004-11http://hdl.handle.net/11354/281Castro, J., Morón, E., & Winkelried, D. (2004). Assessing financial vulnerability in partial dollarized economies. Lima: Universidad del Pacífico, Centro de Investigación. Recuperado de http://hdl.handle.net/11354/281The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial accelerator” mechanism. If we asses vulnerability in terms of the evolution of investment, we claim that, in absence of an asset price channel, departures from a pure float will mitigate vulnerability and improve welfare. 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Assessing financial vulnerability in partial dollarized economies
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