Dollarization of the Banking System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollarization of the Banking System write by Mr.Gianni De Nicolo. This book was released on 2003-07-01. Dollarization of the Banking System available in PDF, EPUB and Kindle. This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whether dollarization is associated with financial instability. We find that: (a) the credibility of macroeconomic policy and the quality of institutions are both key determinants of cross-country variations in dollarization; (b) dollarization is likely to promote financial deepening only in a high inflation environment; and (c) financial instability is likely higher in dollarized economies. The implications of these findings for financial sector and monetary policies are discussed.
Dollarization of the Banking System
Dollarization of the Banking System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollarization of the Banking System write by Patrick Honohan. This book was released on 2003. Dollarization of the Banking System available in PDF, EPUB and Kindle. De Nicolo, Honohan, and Ize assess the benefits and risks associated with dollarization of the banking system. The authors provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whether dollarization is associated with financial instability. They find that: The credibility of macroeconomic policy and the quality of institutions are both key determinants of cross-country variations in dollarization. Dollarization is likely to promote financial deepening only in a high inflation environment. Financial instability is likely higher in dollarized economies. The authors discuss the implications of these findings for financial sector and monetary policies.
Financial Dollarization
Financial Dollarization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Dollarization write by A. Armas. This book was released on 2006-07-14. Financial Dollarization available in PDF, EPUB and Kindle. This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.
Dollarization and Financial Development
Dollarization and Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollarization and Financial Development write by Mr.Geoffrey J Bannister. This book was released on 2018-09-11. Dollarization and Financial Development available in PDF, EPUB and Kindle. Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization, differentiating across foreign currency deposits and credit on financial depth, access and efficiency for a large sample of emerging market and developing countries over the past two decades. Panel regressions estimated using system GMM show that deposit dollarization has a negative impact on financial deepening on average. This negative impact is dampened in cases with past periods of high inflation. There is also some evidence that dollarization hampers financial efficiency. The results suggest that policy efforts to reduce dollarization can spur faster and safer financial development.
Monetary Policy in Dollarized Economies
Monetary Policy in Dollarized Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monetary Policy in Dollarized Economies write by Tomás J. T. Baliño. This book was released on 1999. Monetary Policy in Dollarized Economies available in PDF, EPUB and Kindle. "Dollarization" - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy issues that arise-and various monetary strategies that may be pursued- when the monetary sector is dollarized, and it considers the implications that dollarization has for the design of IMF programs.
