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Dollarization in Latin America: Gresham's Law in Reverse?

Author

Listed:
  • Mr. Pablo Emilio Guidotti
  • Mr. Carlos A. Rodriguez

Abstract

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Suggested Citation

  • Mr. Pablo Emilio Guidotti & Mr. Carlos A. Rodriguez, 1991. "Dollarization in Latin America: Gresham's Law in Reverse?," IMF Working Papers 1991/117, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/117
    as

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    References listed on IDEAS

    as
    1. Reinhart, Carmen & Vegh, Carlos, 1994. "Inflation stabilization in chronic inflation countries: The empirical evidence," MPRA Paper 13689, University Library of Munich, Germany.
    2. Obstfeld, Maurice & Stockman, Alan C., 1985. "Exchange-rate dynamics," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 18, pages 917-977, Elsevier.
    3. Liviatan, Nissan, 1981. "Monetary Expansion and Real Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1218-1227, December.
    4. Boyer, Russell S. & Kingston, Geoffrey H., 1987. "Currency substitution under finance constraints," Journal of International Money and Finance, Elsevier, vol. 6(3), pages 235-250, September.
    5. Arrau, Patricio & De Gregorio, Jose & Reinhart, Carmen M. & Wickham, Peter, 1995. "The demand for money in developing countries: Assessing the role of financial innovation," Journal of Development Economics, Elsevier, vol. 46(2), pages 317-340, April.
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    More about this item

    Keywords

    WP; inflation rate; foreign currency; money demand; unit of account; dollarization rate; inflation differential; dollarization process; dollarization episode; dollarization proxy; name of dollarization-ha; Dollarization; Currencies; Inflation; Demand for money; De-dollarization;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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