34 records from EconBiz based on author Name

1. Strict Dollarization and Economic Performance : An Empirical Investigation

abstract

In this paper we analyze the macroeconomic record of 'strictly dollarized' economies. In particular we investigate whether dollarized countries have historically exhibited faster growth and lower volatility than countries with a domestic currency. We analyze this issue by using a treatment regression analysis that estimates jointly the probability of being a dollarized country, and outcome equations. Our analysis indicates that the probability of being a dollarized country depends on regional, geographical, political and structural variables. Our results also suggest GDP per capita growth has not been statistically different in dollarized and in non-dollarized ones. We also find that volatility has been significantly higher in dollarized than in non-dollarized economies. These results are robust to the estimation technique, and to the sample used

Edwards, Sebastian; Magendzo W., Igal;
2022
Availability: Link

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2. A Currency of One'S Own? An Empirical Investigation on Dollarization and Independent Currency Unions

abstract

In this paper we analyze whether common currency' countries that is, dollarized and independent currency union countries have outperformed countries that have a currency of their own. The paper is empirical and estimates jointly the probability of being a common currency country and outcome' equations for growth, volatility and inflation. We find that both type of common currency countries have lower inflation than countries with a domestic currency. Dollarized countries have lower growth and higher volatility than countries with a domestic currency. Currency unions, on the other hand, have higher growth and higher volatility than countries with a currency of their own

Edwards, Sebastian; Magendzo W., Igal;
2021
Availability: Link

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3. Dollarization, Inflation and Growth

abstract

In this paper we analyze the macroeconomic record of dollarized economies. In particular, we investigating whether, as its supporters' claim, dollarization is associated with lower inflation and faster growth. We analyze this issue by using a matching estimator technique developed in the training evaluation literature. Our findings suggest that inflation has been significantly lower in dollarized nations than in non-dollarized ones. We also find that dollarized nations have had a lower rate of economic growth than non-dollarized ones. Finally, we find that macroeconomic volatility is not significantly different across dollarized and non-dollarized economies. We conjecture that the lower rate of economic growth in dollarized countries is due, at least in part, to these countries' difficulties in accommodating external disturbances, such as major term of trade and capital flows shocks

Edwards, Sebastian; Magendzo W., Igal;
2021
Availability: Link

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4. Índice de remuneraciones ponderado por costos : brecha entre IREM y CMO

Cobb C., Marcus; Sánchez Y., Andrea; Magendzo W., Igal;
2008
Type: Aufsatz in Zeitschrift; Article in journal;

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5. Inflación de bienes y servicios

Córdova F., J. Felipe; Grünwald, M. Carolina; Magendzo W., Igal;
2007
Type: Aufsatz in Zeitschrift; Article in journal;

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6. Strict dollarization and economic performance : an empirical investigation

Edwards, Sebastian; Magendzo W., Igal;
2003
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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7. A currency of one's own? : An empirical investigation on dollarization and independent currency unions

Edwards, Sebastian; Magendzo W., Igal;
2003
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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8. Dollarization, inflation and growth

Edwards, Sebastian; Magendzo W., Igal;
2001
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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9. Do exchange rate regimes matter for inflation and exchange rate dynamics? : the case of Central America

Caputo G., Rodrigo; Magendzo W., Igal;
2009
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;

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10. Chile

Magendzo W., Igal; Titelman Kardonsky, Daniel;
2008
Type: Aufsatz im Buch; Book section;

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