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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19347Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Gale, Douglas | - |
| dc.creator | Vives, Xavier | - |
| dc.date | 2002 | - |
| dc.date.accessioned | 2013-10-16T07:04:15Z | - |
| dc.date.available | 2013-10-16T07:04:15Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19347 | - |
| dc.identifier | ppn:346910994 | - |
| dc.identifier | RePEc:zbw:hwwadp:26195 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19347 | - |
| dc.description | Central bank policy suffers from time-inconsistency when facing a banking crisis : A bailout is optimal ex post but ex ante it should be limited to control moral hazard. Dollarization provides a credible commitment not to help at the cost of not helping even when it would be ex ante optimal to do so. Dollarization is good when the costs of establishing a reputation for the central bank are high, monitoring effort by the banker is important in improving returns, and when the cost of liquidating projects is moderate. However, a very severe moral hazard problem could make dollarization Undesirable. The results obtained are applied to assess the desirability of dollarization in a range of countries and the potential role of the IMF as International LOLR. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | HWWA Discussion Paper 185 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | ddc:330 | - |
| dc.subject | Währungssubstitution | - |
| dc.subject | US-Dollar | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Bank | - |
| dc.subject | Kleines-offenes-Land | - |
| dc.subject | Theorie | - |
| dc.title | Dollarization, bailouts, and the stability of the banking system | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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