Dollarization and Economic Performance: An Empirical Investigation
Опубликовано на портале: 10-12-2003
NBER Working Paper Series. 2001. W8274 .
(a) have had significantly lower inflation
(b) grown at a significantly lower rate
(c) have had a similar fiscal record
(d) have not been spared from major current account reversals.
Additionally, autor's analysis of Panama's case suggests that external shocks result in greater costs - in terms of lower investment and growth - in dollarized than in non-dollarized countries.
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