Growth and Inflation Tradeoffs of Dollarization: Meta-Analysis Evidence
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923695" target="_blank" >RIV/62156489:43110/23:43923695 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.jimonfin.2023.102915" target="_blank" >https://doi.org/10.1016/j.jimonfin.2023.102915</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jimonfin.2023.102915" target="_blank" >10.1016/j.jimonfin.2023.102915</a>
Alternative languages
Result language
angličtina
Original language name
Growth and Inflation Tradeoffs of Dollarization: Meta-Analysis Evidence
Original language description
We examine 585 estimates for macroeconomic effects of dollarization reported in 43 studies, codify 39 aspects of study design that may influence the estimates, and use Bayesian model averaging to take into account model uncertainty in meta-analysis. The results indicate that dollarized countries on average display slower and more volatile output growth, and lower inflation rate than non-dollarized countries, but the estimates vary widely both within and across studies. Fully dollarized countries on average grow slower than non-dollarized and partially dollarized economies. Dollarization measurement, empirical method selection and authors' affiliation systematically affect reported dollarization effects. The empirical results also suggest that limited control over foreign currency's money supply in dollarized economies reduces the central banks' ability to effectively conduct monetary policy and adjust to macroeconomic shocks.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of International Money and Finance
ISSN
0261-5606
e-ISSN
1873-0639
Volume of the periodical
137
Issue of the periodical within the volume
October
Country of publishing house
GB - UNITED KINGDOM
Number of pages
20
Pages from-to
102915
UT code for WoS article
001045903400001
EID of the result in the Scopus database
2-s2.0-85165417394