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dc.date.accessioned 2024-04-24T14:58:09Z
dc.date.available 2024-04-24T14:58:09Z
dc.date.issued 2000
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/165262
dc.description.abstract This study gives a non-traditional framework for the evaluation of the convenience of an asymmetric monetary association (such as dollarization), from the point of view of the country that gives up its monetary sovereignty. In the analytical part we discuss the relationship between nominal volatility, real volatility and country risk. Given the social loss function of the policymaker, we determine the necessary conditions for dollarization to improve social welfare. We concentrate in the analysis of two main aspects: 1) the degree of synchronization existing between the cycle of the leader and associated country, and 2) the effect and relative importance of the trade and financial channels. We perform an application of our analytical framework to the case of Argentina using the coefficient of cyclical correlation, calculated for four different methodologies. The effect and relative importance of the financial channel and the trade channel were extracted from the impulse-response functions and variance decompositions of a VEC Model. en
dc.language en es
dc.title Asymmetric monetary union and real volatility en
dc.type Objeto de conferencia es
sedici.identifier.uri https://bd.aaep.org.ar/anales/works/works2000/CARRERA.PDF es
sedici.identifier.other Clasificación JEL: C5, F3 es
sedici.title.subtitle The case of Argentina en
sedici.creator.person Carrera, Jorge Eduardo es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Facultad de Ciencias Económicas es
sedici.subtype Objeto de conferencia es
sedici.rights.license Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
sedici.rights.uri http://creativecommons.org/licenses/by-nc-sa/4.0/
sedici.date.exposure 2000
sedici.relation.event XXXV Reunión Anual de la Asociación Argentina de Economía Política (Córdoba, 2000) es
sedici.description.peerReview peer-review es


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