Regional Inflation and Financial Dollarization

Item Type Monograph (Working Paper)
Abstract

We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the local currency and financial dollarization. Our results show that regions with higher inflation experience an increase in the dollarization of household deposits and a decrease in the dollarization of (long-term) household credit. The negative impact of inflation on credit dollarization is weaker in regions with less-integrated banking markets, suggesting that the asset-liability management of banks constrains the currency-portfolio choices of households.

Authors Brown, Martin; de Haas, Ralph & Sokolov, Vladimir
Language English
Keywords Financial dollarization, financial integration, regional inflation
Subjects business studies
HSG Classification contribution to scientific community
Refereed No
Date 2013
Publisher SoF - HSG
Place of Publication St. Gallen
Series Name School of Finance Working Paper Series
Number 2013/27
Depositing User Prof. Dr. Martin Brown
Date Deposited 10 Mar 2014 16:50
Last Modified 23 Aug 2016 11:18
URI: https://www.alexandria.unisg.ch/publications/230028

Download

[img]
Preview
Text
13_27_Brown et al_Regional Inflation and Financial Dollarization.pdf

Download (896kB) | Preview

Citation

Brown, Martin; de Haas, Ralph & Sokolov, Vladimir: Regional Inflation and Financial Dollarization. School of Finance Working Paper Series, 2013, 2013/27.

Statistics

https://www.alexandria.unisg.ch/id/eprint/230028
Edit item Edit item
Feedback?