Financial dollarization

We present a portfolio model of financial intermediation in which currency choice is determined by hedging decisions on both sides of a bank's balance sheet. We show that minimum variance portfolio (MVP) allocations provide a natural benchmark to estimate the scope for dollarization of assets a...

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Detalles Bibliográficos
Autores principales: Ize, A., Yeyati, E.L.
Formato: JOUR
Materias:
Asset substitution
Dollarization
Financial intermediation
banking
currency market
exchange rate
inflation
Acceso en línea:http://hdl.handle.net/20.500.12110/paper_00221996_v59_n2_p323_Ize
Aporte de:
Biblioteca Digital - Facultad de Ciencias Exactas y Naturales (UBA) de Universidad de Buenos Aires

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