Institutions and Financial Dollarization: Indirect Effects based on a Policy Experiment
Kyriakos Neanidis () and
Christos Savva ()
Centre for Growth and Business Cycle Research Discussion Paper Series from Economics, The University of Manchester
We provide evidence that institutional improvements lead to lower levels of financial dollarization through previously unidentified channels. These indirect channels operate in addition to the direct impact identified in the literature and further illustrate the importance of institutions for the extent of banking dollarization. The analysis is based on a unique policy experiment: the admission process of countries to the European Union (EU).
Pages: 13 pages
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Journal Article: Institutions and financial dollarization: Indirect effects based on a policy experiment (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:man:cgbcrp:187
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