Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars to be explained in terms of national policies and institutions, this paper turns to analysis of short-run variations, particularly the response of dollarization to exchange rate changes, which is shown...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2007/03/01
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Рабочий документ в рамках исследования вопросов политики
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WPS4172
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1
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1
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2010/07/01
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Disclosed
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Dollarization and exchange rate fluctuations
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board of governors of the federal reserve system
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