|
|
|
|
On Dollarization: Exit, Voice, and Loyalty in the Political Economy of Currency Competition |
|
| Abstract | Word Stems | Keywords | Association | Citation | Get this Document | Similar Titles |
|
STOP! You can now view the document associated with this citation by clicking on the "View Document as HTML" link below. |
|
Click here to view the document
|
Abstract:
|
Dollarization is an increasingly important subject in the IPE literature. While the process of dollarization is driven by economic concerns, the way in which it occurs is contingent upon a political decision by government officials to allow citizens to possess foreign currency deposits. Allowing citizens to maintain FC deposits is a potentially puzzling choice for developing countries, as it sacrifices some, but not all, sovereignty over monetary affairs. I argue that the decision to allow FC deposits is done as a commitment device, binding governments to orthodox macroeconomic policies. Thus, I expect a change in regulation to be most likely soon after introduction of macroeconomic policy reform. I use event history analysis on a sample of 95 countries to test my hypotheses and present preliminary results of weak support for my hypothesis. |
Most Common Document Word Stems:
dollar (108), currenc (84), deposit (80), allow (74), countri (55), fc (46), use (43), foreign (41), would (41), variabl (40), domest (36), govern (32), individu (31), wurtz (31), decis (29), polici (27), time (26), 1 (26), imf (25), year (25), bank (24), |
Author's Keywords:
|
dollarization, exchange rates, capital controls, financial liberalization |
|
 | Convention | | All Academic Convention makes running your annual conference simple and cost effective. It is your online solution for abstract management, peer review, and scheduling for your annual meeting or convention. |  | Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. |  | Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! |  | Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! |  | Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. |  | Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! |  | Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! | | Click here for more information. |
|
|
Association:
Name: American Political Science Association URL: http://www.apsanet.org
|
Citation:
|
MLA Citation:
| Wurtz, Kellly. "On Dollarization: Exit, Voice, and Loyalty in the Political Economy of Currency Competition" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL, Sep 02, 2004 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p59887_index.html> |
APA Citation:
| Wurtz, K. , 2004-09-02 "On Dollarization: Exit, Voice, and Loyalty in the Political Economy of Currency Competition" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p59887_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Dollarization is an increasingly important subject in the IPE literature. While the process of dollarization is driven by economic concerns, the way in which it occurs is contingent upon a political decision by government officials to allow citizens to possess foreign currency deposits. Allowing citizens to maintain FC deposits is a potentially puzzling choice for developing countries, as it sacrifices some, but not all, sovereignty over monetary affairs. I argue that the decision to allow FC deposits is done as a commitment device, binding governments to orthodox macroeconomic policies. Thus, I expect a change in regulation to be most likely soon after introduction of macroeconomic policy reform. I use event history analysis on a sample of 95 countries to test my hypotheses and present preliminary results of weak support for my hypothesis. |
Get this Document:
Find this citation or document at one or all of these locations below. The links below may have the citation or the entire document for free or you may purchase access to the document. Clicking on these links will change the site you're on and empty your shopping cart.
| Document Type: |
.PDF |
| Page count: |
30 |
| Word count: |
8159 |
| Text sample: |
| Wurtz 1 On Dollarization: Exit Voice and Loyalty in the Political Economy of Currency Competition Kelly Philip Wurtz (kwurtz@weber.ucsd.edu) Department of Political Science University of California San Diego Prepared for delivery at the 2004 Annual Meeting of the American Political Science Association September 2 - September 5 2004. Copyright by the American Political Science Association Wurtz 2 Abstract: Dollarization is an increasingly important subject in the IPE literature. While the process of dollarization is driven by economic concerns the |
| St. Lucia The Gambia St. Vincent & Grenadines Ghana Syrian Arab Republic Grenada Tanzania Guatemala Thailand Guinea Togo Guinea-Bissau Trinidad and Tobago Guyana Tunisia Haiti Turkey Honduras Uganda Hungary United States India Uruguay Iran I.R. Of Venezuela Ireland Zambia Italy Zimbabwe Jamaica |
Similar Titles:
Who Owns Your Debt Matters: Domestic Commercial Bank Buying of Government Debt and Emerging Market Government Policy Autonomy
Preferences, Institutions, and Policy Choices: Explaining Policy Responses to Speculative Currency Attacks from a Domestic-Level Perspective
|
|