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

  title={Dollarization , Inflation Volatility and Underdeveloped Financial Markets in Transition Economies α a},
  author={Ruslan Piontkovsky},
  • 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

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