на главную поиск contacts

Dollarization and Economic Performance: An Empirical Investigation

Опубликовано на портале: 10-12-2003
NBER Working Paper Series. 2001.  W8274 .
In this paper autor investigate the historical record of countries that have lived under a 'dollarized' monetary system. As it turns out, this is a very small group of counties, most of which have operated under very special circumstances, and for which there are very limited data. The results reported in this paper suggests that, when compared to other countries, the dollarized nations have:
(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.

текст статьи в формате pdf на сайте SSRN Resources:
Ключевые слова

См. также:
Francisco Veiga
NIPE Working Papers. 2002. 
William T. Gavin, Finn E. Kydland, Michael R. Pakko
Journal of Monetary Economics. 2007.  Vol. 54. No. 6. P. 1587-1611. 
Athanasios Geromichalos, Juan Manuel Licari, José Suárez-Lledó
Review of Economic Dynamics. 2007.  Vol. 10. No. 4. P. 761-779. 
Michael F. Bryan
Federal Reserve Bank of Cleveland. 1997. 
Наталья Владимировна Шварева
[Статья глоссария]