IMF paper identifies de-dollarisation drivers in South America
An International Monetary Fund paper published on Monday examines several key factors driving deposit and credit de-dollarisation in Latin American countries.
Mercedes García-Escribano and Sebastián Sosa, the paper's authors, use a standard vector-auto regression approach to examine the drivers of both deposit and credit de-dollarisation in Bolivia, Paraguay Peru and Uruguay over the last decade.
García-Escribano and Sosa find the introduction of macroprudential measures including an active
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