Understanding Dollarization: Causes and Impact of Partial...

  • Main
  • Understanding Dollarization: Causes and...

Understanding Dollarization: Causes and Impact of Partial Dollarization on Developing and Emerging Markets

Emre Ozsoz, Erick W. Rengifo
Bạn thích cuốn sách này tới mức nào?
Chất lượng của file scan thế nào?
Xin download sách để đánh giá chất lượng sách
Chất lượng của file tải xuống thế nào?

A very commonly observed phenomenon in developing and emerging market economies is the use of another country’s currency (whether the US dollar or another currency) in lieu or in addition to the local currency. The most common type of this financial phenomenon is partial (de facto) dollarization where foreign currencies are used side by side with local currency for saving and borrowing purposes in addition to serving as medium of exchange.



Governments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency. Yet the existence of multiple currencies on banks' balance sheets on both the asset and liability side poses risks to the health and stability of the banking system.



This book evaluates the practical aspects of partial dollarization in countries such as Turkey, South Korea, Peru, and Cambodia among others. Starting with the origins of the phenomenon, the impact on banking systems and financial depth of the credit markets are discussed along with risks to the banking systems. Challenges faced by Central Banks and banking regulators are evaluated using recent country studies.


  • 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
Năm:
2016
Nhà xuát bản:
De Gruyter Oldenbourg
Ngôn ngữ:
english
Trang:
139
ISBN 10:
3110437023
ISBN 13:
9783110437027
File:
PDF, 2.62 MB
IPFS:
CID , CID Blake2b
english, 2016
Tải vè (pdf, 2.62 MB)
Hoàn thành chuyển đổi thành trong
Chuyển đổi thành không thành công

Từ khóa thường sử dụng nhất