DOLLARIZATION OF LIABILITIES AND THE VALUE OF COLLATERA

Waldmann Robert J.
CEIS Working Papers
Heavy reliance on dollar denominated debt appears to have been one of the reasons that the East Asian financial crisis had severe real effects. In the model presented in this paper severe mismatch between dollar denominated debt and domestic currency rev
Number: 137
Date: Thursday 01 February 2001
Revision Date: Thursday 01 February 2001