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Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia

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Main Author: Freitas, Miguel Lebre de
Publication Date: 2003
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/1822/1304
Summary: 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.
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spelling Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and IndonésiaMoney demandCurrency substitutionDollarisationHysteresisIn 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.Universidade do MinhoFreitas, Miguel Lebre de20032003-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/1304enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-11T05:49:54Zoai:repositorium.sdum.uminho.pt:1822/1304Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T15:31:35.702931Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
title Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
spellingShingle Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
Freitas, Miguel Lebre de
Money demand
Currency substitution
Dollarisation
Hysteresis
title_short Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
title_full Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
title_fullStr Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
title_full_unstemmed Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
title_sort Revisiting dollarisation hysteresis : evidence from Bolivia, Turkey and Indonésia
author Freitas, Miguel Lebre de
author_facet Freitas, Miguel Lebre de
author_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Freitas, Miguel Lebre de
dc.subject.por.fl_str_mv Money demand
Currency substitution
Dollarisation
Hysteresis
topic Money demand
Currency substitution
Dollarisation
Hysteresis
description 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.
publishDate 2003
dc.date.none.fl_str_mv 2003
2003-01-01T00:00:00Z
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dc.language.iso.fl_str_mv eng
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