Financial De-Dollarization

Financial De-Dollarization
Author: Mr.Luis Catão
Publisher: International Monetary Fund
Total Pages: 25
Release: 2016-04-26
Genre: Business & Economics
ISBN: 1484341376

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We re-appraise the cross-country evidence on the dollarization of financial systems in emerging market economies. Amidst striking heterogeneity of patterns across regions, we identify a broad global trend towards financial sector de-dollarization from the early 2000s to the eve of the global financial crisis of 2008–09. Since then, de-dollarization has broadly stalled or even reversed in many economies. Yet a few of them have continued to de-dollarize. This suggests that domestic factors are also important and interact with global factors. To gain insight into such an interaction, we examine the experience of Peru since the early 1990s and find that low global interest rates, low global risk-aversion, and high commodity prices have fostered de-dollarization. Domestic macro-prudential measures that raise the relative cost of domestic dollar loans and the introduction and adherence to inflation targeting have also been key.


Financial De-Dollarization
Language: en
Pages: 25
Authors: Mr.Luis Catão
Categories: Business & Economics
Type: BOOK - Published: 2016-04-26 - Publisher: International Monetary Fund

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We re-appraise the cross-country evidence on the dollarization of financial systems in emerging market economies. Amidst striking heterogeneity of patterns acro
Dollarization
Language: en
Pages: 364
Authors: Eduardo Levy Yeyati
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: MIT Press

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Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are explorin
Financial Dollarization
Language: en
Pages: 349
Authors: A. Armas
Categories: Business & Economics
Type: BOOK - Published: 2006-07-14 - Publisher: Springer

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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: th
Financial De-Dollarization: Is It for Real?
Language: en
Pages: 31
Authors: Alain Ize
Categories:
Type: BOOK - Published: 2005-09-01 - Publisher: INTERNATIONAL MONETARY FUND

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De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a foreign currency, is a policy concern in an
How to De-Dollarize Financial Systems in the Caucasus and Central Asia?
Language: en
Pages: 21
Authors: Mr.Sami Ben Naceur
Categories: Business & Economics
Type: BOOK - Published: 2015-09-23 - Publisher: International Monetary Fund

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Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, mon