Understanding Dollarization Causes and Impact of Partial Dollarization on Developing and Emerging Markets
A very commonly observed phenomenon in developing and emerging market economies is the use of another country’s currency (US dollar or other) in lieu or in addition to the local currency. Governments in these countries have been encouraging dollarization for years by allowing their citizens to save...
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| Format: | eBook |
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Berlin, Boston
de Gruyter Oldenbourg
2016, ©2016
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| Collection: | DeGruyter MPG Collection - Collection details see MPG.ReNa |
| Summary: | A very commonly observed phenomenon in developing and emerging market economies is the use of another country’s currency (US dollar or other) in lieu or in addition to the local currency. Governments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency, posing risks to the health and stability of their banking systems. -- Influence of dollarization on rates of savings, investments, exchange rates, portfolio investments, and socio-economic development -- Practical aspects of the phenomenon in Turkey, South Korea, Peru, Cambodia and other countries |
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| Physical Description: | 129 Seiten |
| ISBN: | 978-3-11-043702-7 978-3-11-043403-3 |