Revisiting the Concept of Dollarization

The Global Financial Crisis and Dollarization in Low-Income Countries

Revisiting the Concept of Dollarization
The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign currency deposits to broad money. However, while private agent demand for foreign currency may remain unchanged in foreign currency terms, there could be large fluctuations in the dollarization ratio simply due to exchange rate... READ MORE...

Publication date: January 2015
ISBN 9781484366912
$18.00

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