Dollarization and financial integration

DOI10.1016/J.JET.2009.08.002MaRDI QIDQ972867zbMATH OpenOpenAlexFDO

Authors Cristina Arellano, Jonathan Heathcote

Publication date 21 May 2010

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.federalreserve.gov/pubs/ifdp/2007/890/ifdp890.pdf

zbMATH Keywords

exchange rate regimeborrowing limitsdebt policydollarization

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
• An Estimate of the Effect of Common Currencies on Trade and Income
• Bubbles and Self-Enforcing Debt
• Currency Unions
• Dollarization, Bailouts, and the Stability of the Banking System
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• On the Flexibility of Monetary Policy: The Case of the Optimal Inflation Tax
• Public versus private risk sharing
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models

Cited in

(5)

• Debt denomination and default risk in emerging markets
• Financial dollarization in emerging markets: an insurance arrangement
• A contraction for sovereign debt models
• Exchange rate exposure and firm dynamics
• Dollarization, Bailouts, and the Stability of the Banking System

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