Institutions and financial dollarization: Indirect effects based on a policy experiment

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Abstract

We provide evidence that institutional improvements lead to lower levels of financial dollarization through previously unidentified channels. These indirect channels operate in addition to the direct impact identified in the literature and further illustrate the importance of institutions for the extent of banking dollarization. © 2013 Elsevier B.V.

Bibliographical metadata

Original languageEnglish
Pages (from-to)405-410
Number of pages5
JournalEconomics Letters
Volume121
Issue number3
DOIs
Publication statusPublished - Dec 2013