Essays on the optimal choice of exchange rate regime in emerging countries
- Marí del Cristo, María Lorena
- Montserrat Guillén Estany Director/a
- Marta Gómez-Puig Director/a
Universidad de defensa: Universitat de Barcelona
Fecha de defensa: 25 de abril de 2014
- Simón Sosvilla Rivero Presidente
- Helena Chuliá Secretario/a
Tipo: Tesis
Resumen
This thesis comprises three empirical studies about the consequences of full dollarization for three major economic factors: (1) the exchange rate pass-through, (2) fiscal sustainability, and (3) bond market behavior. The main contributions of this thesis are first, to show that two of the most cited benefits of full dollarization can be called into question in the Ecuadorian economy; and second, making a comparative analysis between dollarized and non dollarized countries, to highlight an advantage of full dollarization: it may to some extent isolate the real economy from financial shocks.