Impact of Remittances on Natural Rate of Dollarization—Trends in Caucasus and Central Asia

Impact of Remittances on Natural Rate of Dollarization—Trends in Caucasus and Central Asia
This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization in Caucasus, Central Asia and others in the region. This natural level of dollarization is conceptually linked to the currency allocation in a portfolio of deposits to maximize welfare, in line with Ize and Levy Yeyati (2003).... READ MORE...

Publication date: September 2020
ISBN 9781513556536
$18.00

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