Macroeconomic Adjustment in a Highly Dollarized Economy : The Case of Cambodia

The Case of Cambodia

Macroeconomic Adjustment in a Highly Dollarized Economy : The Case of Cambodia
Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized... READ MORE...

Publication date: May 2002
ISBN 9781451851601
$15.00

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