Browsing Documentos de trabajo by Author "Broda, Cristian"
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Endogenous deposit dollarization
Levy Yeyati, Eduardo; Broda, Cristian (Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003-02)This paper explores sources of deposit dollarization unrelated to standard moral hazard arguments. We develop a model in which banks choose the optimal currency composition of their liabilities. We argue that the equal ...