Series: IMF Working Papers
Author(s): Mercedes Garcia-Escribano , and Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2011
Keywords: de-dollarization, banking system, dollarization, exchange rate, exchange rate volatility, constant exchange rate, nominal exchange rate, Monetary Policy, Central Banking, and the Supply of Money and Credit: General
In the last decade, a group of Latin American countries (Bolivia, Paraguay, Peru, and Uruguay) experienced a gradual, yet sustained decline in financial dollarization. This paper documents the stylized facts and us...