Financial Dollarization : The Role of Foreign-Owned Banks and Interest Rates

Financial Dollarization : The Role of Foreign-Owned Banks and Interest Rates

Why in many economies households and firms borrow and make deposits in foreign currency? Expanding on the existing literature, our framework addresses this question allowing for interest rate differentials and access to foreign funds to play a role in explaining this process of asset substitution or...

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Bibliographic Details
Main Authors: Basso, Henrique S., Calvo-Gonzalez, Oscar, Jurgilas, Marius
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems E420
Interest Rates: Determination, Term Structure, and Effects E430
Multinational Firms
International Business F230
Banks
Other Depository Institutions
Micro Finance Institutions
Mortgages G210
Online Access:http://hdl.handle.net/10986/5181

Internet

http://hdl.handle.net/10986/5181

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