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Macroeconomic Implications of Financial Dollarization - 9781589067271

Un libro in lingua di Pinon Marco (EDT) Gelos Gaston (EDT) Lopez-mejia Alejandro (EDT) edito da Renouf Pub Co Ltd, 2008

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This report from the International Monetary Fund brings together seven essays that examine the implications of high financial dollarization for macroeconomic policies and vulnerabilities in Uruguay. Essays consider the determinants and dynamics of inflation and the expectation channel of monetary policy and assess the exchange rate pass-through to domestic prices and the effectiveness of a flexible exchange rate as a shock absorber and indirect channel of transmission of monetary policy. They also assess Uruguay's financial linkages with the rest of the world, the transmission of macroeconomic shocks, the competitive conditions of the Uruguayan banking system, and the importance of external factors in driving Uruguayan sovereign spreads. The final group of essays evaluates vulnerabilities and insurance mechanisms in place against potential balance of payments or bank deposit withdrawal shocks. No index is provided. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)

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