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  • 1
    Online Resource
    Online Resource
    Cambridge, Mass : MIT Press
    ISBN: 9780262286527 , 0262286521 , 0585443823 , 9780585443829
    Language: English
    Pages: 1 online resource (ix, 341 p.) , ill
    Series Statement: EBSCOhost eBook Collection
    Parallel Title: Print version Dollarization
    Keywords: Dollarization ; Money ; Dollar, American ; Foreign exchange ; Currency question ; International finance ; International finance ; Dollar, American ; Foreign exchange ; Currency question ; Money ; Dollarization ; Electronic books ; Money. ; Dollar, American. ; Foreign exchange. ; Currency question. ; International finance. ; Currency question ; Dollar, American ; Dollarization ; Foreign exchange ; International finance ; Money ; Amerikaanse dollar ; Wisselkoersen ; Monetaire politiek ; BUSINESS & ECONOMICS ; Foreign Exchange ; Devisenmarkt ; Internationaler Zahlungsverkehr ; US-Dollar ; Wechselkurs ; Electronic books. ; Electronic books ; Electronic books ; Aufsatzsammlung ; US-Dollar ; Wechselkurs ; Devisenmarkt ; Internationaler Zahlungsverkehr ; US-Dollar ; Wechselkurs ; Devisenmarkt ; Internationaler Zahlungsverkehr
    Abstract: Dollarization : a primer / Eduardo Levy Yeyati and Federico Sturzenegger -- Dollarization : analytical issues / Roberto Chang and Andrés Velasco -- Using balance sheet data to identify sovereign default and devaluation risk / Pablo Andrés Neumeyer and Juan Pablo Nicolini -- Dollarization and the lender of last resort / Christian Broda and Eduardo Levy Yeyati -- Measuring costs and benefits of dollarization : an application to Central American and Caribbean countries / Ugo Panizza, Ernesto Stein, and Ernesto Talvi -- Dollarization : the link between devaluation and default risk / Andrew Powell and Federico Sturzenegger -- Implementation guidelines for dollarization and monetary unions / William C. Gruben, Mark A. Wynne, and Carlos E.J.M. Zarazaga -- The political economy of dollarization : domestic and international factors / Jeffry A. Frieden
    Description / Table of Contents: Dollarization : a primer / Eduardo Levy Yeyati and Federico Sturzenegger -- Dollarization : analytical issues / Roberto Chang and Andrés Velasco -- Using balance sheet data to identify sovereign default and devaluation risk / Pablo Andrés Neumeyer and Juan Pablo Nicolini -- Dollarization and the lender of last resort / Christian Broda and Eduardo Levy Yeyati -- Measuring costs and benefits of dollarization : an application to Central American and Caribbean countries / Ugo Panizza, Ernesto Stein, and Ernesto Talvi -- Dollarization : the link between devaluation and default risk / Andrew Powell and Federico Sturzenegger -- Implementation guidelines for dollarization and monetary unions / William C. Gruben, Mark A. Wynne, and Carlos E.J.M. Zarazaga -- The political economy of dollarization : domestic and international factors / Jeffry A. Frieden
    Description / Table of Contents: Dollarization : a primer / Eduardo Levy Yeyati and Federico SturzeneggerDollarization : analytical issues / Roberto Chang and Andrés Velasco -- Using balance sheet data to identify sovereign default and devaluation risk / Pablo Andrés Neumeyer and Juan Pablo Nicolini -- Dollarization and the lender of last resort / Christian Broda and Eduardo Levy Yeyati -- Measuring costs and benefits of dollarization : an application to Central American and Caribbean countries / Ugo Panizza, Ernesto Stein, and Ernesto Talvi -- Dollarization : the link between devaluation and default risk / Andrew Powell and Federico Sturzenegger -- Implementation guidelines for dollarization and monetary unions / William C. Gruben, Mark A. Wynne, and Carlos E.J.M. Zarazaga -- The political economy of dollarization : domestic and international factors / Jeffry A. Frieden.
    Note: Description based on print version record , Includes bibliographical references and index , Dollarization
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3440
    Parallel Title: Levy Yeyati, Eduardo Market discipline under systemic risk
    Keywords: Bank failures ; Capital market ; Risk management ; Bank failures ; Capital market ; Risk management
    Abstract: "Levy-Yeyati, Martinez Peria, and Schmukler show that systemic risk exerts a significant impact on the behavior of depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline both regardless of and through bank fundamentals. First, worsening systemic conditions can directly threaten the value of deposits by way of dual agency problems. Second, to the extent that banks are exposed to systemic risk, systemic shocks lead to a future deterioration of fundamentals not captured by their current values. Using data from the recent banking crises in Argentina and Uruguay, the authors show that market discipline is indeed quite robust once systemic risk is factored in. As systemic risk increases, the informational content of past fundamentals declines. These episodes also show how few systemic shocks can trigger a run irrespective of ex-ante fundamentals. Overall, the evidence suggests that in emerging economies, the notion of market discipline needs to account for systemic risk. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to study market discipline"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 10/29/2004 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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