Buscar recursos académicos

In this paper we study dollarization as a commitment device that the Central Bank could use to avoid getting involved in an undesirable banking-sector bailout. We show how a political process could induce an equilibrium ...

En este trabajo se investiga cómo el régimen cambiario y la existencia de información imperfecta respecto de los fundamentals de la economía afecta la probabilidad de ocurrencia de una crisis gemela. Se demuestra que...

The paper combines a brief review of basic monetary theory, a discussion of the critical monetary and banking experience undergone by Argentina between 1980 and 2002, an essay on the stability of velocity of circulation ...