Add to ORKGWe exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the domestic currency and financial dollarization. Our results show that regions with higher inflation experience an increase in deposit dollarization and a decrease in the dollarization of loans to households and firms in non-tradable sectors. The negative impact of inflation on credit dollarization is weaker in regions with less integrated banking markets. This suggests that the asset-liability management of banks constrains the currency-portfolio choices of both households and firms without a natural currency hedge.基盤研究(S) = Grants-in-Aid for Scientific Research (S)26, [8] p
After the dissolution of the Soviet Union, a number of post-soviet countries are facing a high level...
Why in many economies households and firms borrow and make deposits in foreign currency? Expanding o...
The dollarization of bank deposits and credit is widespread in developing countries,resulting in var...
Abstract: We exploit variation in consumer price inflation across 71 Russian regions to examine the ...
We exploit variation in consumer price inflation across 71 Russian regions to examine the relationsh...
We exploit variation in consumer price inflation across seventy-one Russian regions to examine the r...
Due to high inflation and the lack of financial instruments, the Russian economy is currently highly...
The paper revisits the causes and consequences of financial dollarization in Ukraine during the past...
This paper assesses the monetary determinants of inflation in Russia using money demand functions. W...
This paper examines the determinants of financial dollarization in transition economies from a short...
''Dollarization'' can be defined as the fraction of a country's total currency that is held in the f...
This paper provides an in-depth analysis of the use of foreign currencies in the lending activities ...
This paper analyzes the relationship among inflation, dollarization, financial intermediation, and r...
Dollarization comes in several forms. The type that this paper examines is asset substitution, when ...
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the sec...
After the dissolution of the Soviet Union, a number of post-soviet countries are facing a high level...
Why in many economies households and firms borrow and make deposits in foreign currency? Expanding o...
The dollarization of bank deposits and credit is widespread in developing countries,resulting in var...
Abstract: We exploit variation in consumer price inflation across 71 Russian regions to examine the ...
We exploit variation in consumer price inflation across 71 Russian regions to examine the relationsh...
We exploit variation in consumer price inflation across seventy-one Russian regions to examine the r...
Due to high inflation and the lack of financial instruments, the Russian economy is currently highly...
The paper revisits the causes and consequences of financial dollarization in Ukraine during the past...
This paper assesses the monetary determinants of inflation in Russia using money demand functions. W...
This paper examines the determinants of financial dollarization in transition economies from a short...
''Dollarization'' can be defined as the fraction of a country's total currency that is held in the f...
This paper provides an in-depth analysis of the use of foreign currencies in the lending activities ...
This paper analyzes the relationship among inflation, dollarization, financial intermediation, and r...
Dollarization comes in several forms. The type that this paper examines is asset substitution, when ...
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the sec...
After the dissolution of the Soviet Union, a number of post-soviet countries are facing a high level...
Why in many economies households and firms borrow and make deposits in foreign currency? Expanding o...
The dollarization of bank deposits and credit is widespread in developing countries,resulting in var...