| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6225 |
| DP6225 Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions | |
| Frederick van der Ploeg; Rabah Arezki | |
| 发表日期 | 2007-03-28 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars to be explained in terms of national policies and institutions, this paper turns to analysis of short-run variations, particularly the response of dollarization to exchange rate changes, which is shown to be too small to warrant ?fear of floating? by dollarized economies. But high dollarization is shown to increase the risk of depreciation and even suspension, as indicated by interest rate spreads. While specific policy is needed to deal with the risks associated with dollarization, the underlying causes of unwanted dollarization should also be tackled. |
| 主题 | International Macroeconomics |
| 关键词 | Banking Developing countries Dollarization Exchange rates |
| URL | https://cepr.org/publications/dp6225 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535060 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Rabah Arezki. DP6225 Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
