IMF paper identifies de-dollarisation drivers in South America

IMF headquarters in Washington DC

An International Monetary Fund paper published on Monday examines several key factors driving deposit and credit de-dollarisation in Latin American countries.

Mercedes García-Escribano and Sebastián Sosa, the paper's authors, use a standard vector-auto regression approach to examine the drivers of both deposit and credit de-dollarisation in Bolivia, Paraguay Peru and Uruguay over the last decade.

García-Escribano and Sosa find the introduction of macroprudential measures including an active

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