On the Benefits of Dollarization when Stabilization Policy is not Credible and Financial Markets are Imperfect
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https://www.nber.org/papers/w7824
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资源简介：
This paper examines two potential benefits that emerging economies may derive from dollarization. First, dollarization may eliminate distortions induced by the lack of credibility of monetary policy. Second, dollarization may weaken financial frictions that result in endogenous credit constraints.
提供机构：
美国国家经济研究局
创建时间：
2000-08-01
