Not the usual suspects: Critical indicators in a dollarized country's Financial Stress Index

Layal Mansour Ishrakieh, Leila Dagher () and Sadika El Hariri

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we investigate the importance of the dollarization rate in heavily dollarized economies as one of the indicators in a Financial Stress Index. We use data on Lebanon, a middle-income developing country, considered to be one of the highest dollarized countries in the world to construct the first Financial Stress Index for Lebanon. Our findings indicate that the dollarization rate is the most important indicator for the FSI. This should be of relevance to many dollarized countries such as Bolivia, Peru, Uruguay, and others. Remarkably, none of the existing FSIs for dollarized countries has included the dollarization rate.

Keywords: Financial Stress Index; Financial Crisis; Dollarization Rate (search for similar items in EconPapers)
JEL-codes: E58 G01 G18 (search for similar items in EconPapers)
Date: 2018
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Related works:
Journal Article: Not the usual suspects: Critical indicators in a dollarized country's Financial Stress Index (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116086

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