extend D/C loans when majority of deposits are F/C, the banking system becomes open...cannot hedge against F/C risk
Problem with credit euroization (where FIs’...
To
understand why this is still an important open question, we must also heed the...complete diagnosis has to
recognize the potential reverse causality too: it is an...
It now seems likely that as many as eight out of the ten candidate countries from...Even the stragglers in banking sector reform, such as the
Czech Republic, are...
An early open-economy version of the
standard RBC model (international real business...Mendoza
(1991) finds that introducing leisure habits in a small...
overall economy
➢ FX-induced credit risk is eliminated as virtually all
loans are now...expectations
considering specificities of the Croatian
economy:
➢ small and...
you think that
prices in general will go up, or go down, or stay where they are now...Bank of New York, asks households to report their
expectations for inflation:...
