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| Campo DC | Valor | Lengua/Idioma |
|---|---|---|
| dc.creator | Catão, Luis | - |
| dc.creator | Terrones, Marco | - |
| dc.date | 2016-04 | - |
| dc.identifier | https://hdl.handle.net/11354/3194 | - |
| dc.description | We reappraise the cross-country evidence on the dollarization of domestic financial systems in emerging market economies. Amidst some striking heterogeneity of patterns across emerging regions, we identify a broad global trend towards financial sector de-dollarization from the early 2000s to the eve of the global financial crisis of 2008-09. Since then, de-dollarization has either broadly stalled or even been reversed in many economies, but a few have continued to de-dollarize through this date, suggesting that the inter-play of global and domestic factors is key. To gain further insight into such inter-play, we examine the experience of Peru since the early1990s and find that a number of global factors including low global interest rates, low global risk-aversion, and high commodity prices have aided financial de-dollarization. Domestic factors that raise the relative cost of dollar lending, such as the introduction of macro-prudential measures, also aid financial de-dollarization. The introduction and adherence to inflation targeting seem, however, to be key. | - |
| dc.format | application/pdf | - |
| dc.format | application/pdf | - |
| dc.language | eng | - |
| dc.publisher | Universidad del Pacífico | - |
| dc.rights | info:eu-repo/semantics/openAccess | - |
| dc.rights | Atribución-NoComercial-SinDerivadas 4.0 Internacional | - |
| dc.subject | Dolarización--Perú | - |
| dc.subject | Política monetaria--Perú | - |
| dc.title | Financial de-dollarization: a global perspective and the Peruvian experience (Capítulo) | - |
| dc.type | info:eu-repo/semantics/bookPart | - |
| Aparece en las colecciones: | Centro de Investigación - UP - CIUP - Cosecha | |
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