Capital Markets and the Exchange Rate with Special Reference to the Dollarization Debate in Latin America

By Guillermo A. Calvo. 2001

244 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/edae1d1251b85ba02281aa10469ede002ff1e8ec

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Citations in the corpus

Exchange Rate Regimes, Capital Flows and Crisis Prevention (2001, unknown): “Some authors, most notably Calvo (1999a,b), Reinhart (2000) and their associates, have argued that in a world with high capital mobility, incomplete information, fads, rumors and a dollar-denominated liabilities the monetary authorities will be severely affected by a “fear to float.”
The Mirage of Exchange Rate Regimes for Emerging Market Countries (2003, background): “For example, public sector wages are often a component of the economy that is quite inflexible.”
Corporate Dollar Debt and Depreciations: Much Ado About Nothing? (2005, background): “In Calvo (1999, 2001), the failure of uncovered interest parity can be attributed to the interaction of information asymmetries and regulatory restrictions on the banking sector and to the costs of forming devaluation expectations, which are then included in the price of peso debt.9 Finally, a…”
Monetary Policy Rules for Financially Vulnerable Economies (2003, unknown): “Source: Calvo and Reinhart (2000) Despite all these restrictions, these two countries and probably others (for example Turkey) will join the bandwagon and adopt inflation targeting strategies to direct its monetary policy.”
Deposit dollarization and the financial sector in emerging economies (2002, background): “…especially if there is a risk of expropriation, or of enforced conversion of onshore FX deposits at an unfavorable exchange rate.12 7 For example, Calvo 2000b works with a model of imperfect competition between firms with staggered price-setting; his model generates little influence of bank…”