Dollarization , Inflation Volatility and Underdeveloped Financial Markets in Transition Economies α a

@inproceedings{Piontkovsky2003DollarizationI,
  title={Dollarization , Inflation Volatility and Underdeveloped Financial Markets in Transition Economies α a},
  author={Ruslan Piontkovsky},
  year={2003}
}
  • Ruslan Piontkovsky
  • Published 2003
All opinions expressed here are those of the author and not those of the Economics Education and Research Consortium Research dissemination by the EERC may include views on policy, but the EERC itself takes no institutional policy positions The paper analyzes the phenomenon of dollarization in a sample of transition Using the Thomas' portfolio balance model, the author tests how the degree of dollarization depends on the relative returns on financial assets, inflation volatility, and financial… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

References

Publications referenced by this paper.
Showing 1-10 of 26 references

Dollarization in Lithuania

  • I. Korhonen
  • Review of Economies in Transition
  • 1996
Highly Influential
5 Excerpts

Currency Substitution in Developing Countries: An Introduction, IMF Working Paper, WP/92/40

  • G. Calvo, C. Vegh
  • 1992
Highly Influential
4 Excerpts

Portfolio Theory and Currency Substitution

  • L. R. Thomas
  • Journal of Money, Credit, and Banking
  • 1985
Highly Influential
6 Excerpts

A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations

  • G. Calvo, C. Rodriguez
  • Journal of Political Economics
  • 1977
Highly Influential
4 Excerpts

Dollarization in Transition Economies: Evidence and Policy Implications

  • R. Sahay, C. Vegh
  • The Macroeconomics of International Currencies…
  • 1996
Highly Influential
3 Excerpts

Currency Substitution in Russia, EERC Working Papers Series 01/05

  • A. Friedman
  • Verbetsky
  • 2001

Dollarization Hysteresis in Russia, Final Report, submitted to EERC

  • A. Shinkevish
  • 2001
1 Excerpt

Dollarization in Lithuania: An Econometric Approach, BOFIT Discussion Papers, 2001/1

  • I. Vetlov
  • 2001
2 Excerpts

A Guide to Econometrics (John Willey & Sons Ltd)

  • M. Verbeek
  • 2000
1 Excerpt

Similar Papers

Loading similar papers…