Liability Dollarization and the Bank Balance Sheet Channel /
Banks in developing economies often face a mismatch in the currency denomination of their liabilities (foreign currency denominated debt) and assets (domestic currency loans to domestic borrowers). We study the effect of this mismatch on business cycles and monetary policy in a sticky-price, dynamic...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2002/141 |
| Онлайн доступ: | Full text available on IMF |