Essays on the optimal choice of exchange rate regime in emerging countries

• Autores: María Lorena Marí del Cristo
• Directores de la Tesis: Montserrat Guillén Estany (dir. tes.), Marta Gómez-Puig (dir. tes.)
• Lectura: En la Universitat de Barcelona ( España ) en 2014
• Idioma: inglés
• Tribunal Calificador de la Tesis: Simón Sosvilla Rivero (presid.), Helena Chuliá (secret.)
• Materias:
  • Ciencias económicas
    • Econometría
    • Teoría económica
      • Teoría macroeconómica
    • Economía internacional
• Enlaces
  • Tesis en acceso abierto en:  TDX  Dipòsit Digital de la UB 
• Resumen

  • This thesis comprises three empirical studies about the consequences of full dollarization for three major economic factors: (1) the exchange rate pass-through, (2) fiscal sustainability, and (3) bond market behavior. The main contributions of this thesis are first, to show that two of the most cited benefits of full dollarization can be called into question in the Ecuadorian economy; and second, making a comparative analysis between dollarized and non dollarized countries, to highlight an advantage of full dollarization: it may to some extent isolate the real economy from financial shocks.