Revisiting Dollarisation Hysteresis: Evidence from Bolivia, Turkey and Indonesia
Miguel de Freitas ()
No 12/2003, NIPE Working Papers from NIPE - Universidade do Minho
In this paper, we pick up three countries with different inflation experiences and dollarisation levels and we investigate whether dollarisation exhibits different reversibility patterns, as suggested by the literature. The sample includes a country that experienced hyperinflation (Bolivia), a high inflation country (Turkey) and a country that experienced moderate to low inflation (Indonesia). By providing evidence of dollarisation hysteresis in these three countries, this paper challenges the view according to which this phenomenon is confined to highly dollarised economies or to economies that experienced high inflation rates for long periods of time.
Keywords: Money demand; currency substitution; dollarisation; hysteresis. (search for similar items in EconPapers)
JEL-codes: E41 F41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn, nep-mon, nep-rmg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nip:nipewp:12/2003
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in NIPE Working Papers from NIPE - Universidade do Minho Núcleo de Investigação em Políticas Económicas e Empresariais, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal. Contact information at EDIRC.
Bibliographic data for series maintained by NIPE ().