Deposit dollarization in emerging markets: modelling the hysteresis effect
Книги

Deposit dollarization in emerging markets: modelling the hysteresis effect

Книги

Deposit dollarization in emerging markets: modelling the hysteresis effect

Krupkina, A.S. Deposit dollarization in emerging markets: modelling the hysteresis effect / A. S. Krupkina, A. A. Ponomarenko; The Central Bank of the Russian Federation. — Moscow : Bank of Russia, 2015. — 21 p.: il.. — (Working Paper Series; № 7/ November). — References: P. 18-19.

Аннотация

Dollarization (i.e. the substitution of a foreign currency for one or more functions of the na-tional currency) is typical of many emerging market economies. Although dollarization is usually associated with high inflation and depreciation of the national currency, the ensuing stabilisation does not always lead to a lessening of dollarization. This effect is called hysteresis or ratchet effect.
  • УДК:
    339.7

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