Series: IMF Working Papers
Author(s): Adolfo Barajas , and Armando Méndez Morales
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2003
Keywords: panel data, exchange rate, foreign currency, banking, deposit insurance, bank intervention, Multiple or Simultaneous Equation Models: Models with Panel Data, Financial Markets and the Macroeconomy, International Lending and Debt Problems,
Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of emerging markets to financial and currency crises. "Usual suspects" of causing DL comprise "fatalistic" determinants...