Dollarization And Financial Development
Download Dollarization And Financial Development full books in PDF, epub, and Kindle. Read online free Dollarization And Financial Development ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Dollarization and Financial Development
Author | : Mr.Geoffrey J Bannister |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2018-09-11 |
Genre | : Business & Economics |
ISBN | : 1484373367 |
Download Dollarization and Financial Development Book 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.
Dollarization and Financial Development Related Books
Pages: 39
Pages: 42
Pages: 364
Pages: 228
Pages: 349