Understanding Dollarization : Causes and Impact of Partial Dollarization on Developing and Emerging Markets
Book Details
Format
Hardback or Cased Book
ISBN-10
3110442183
ISBN-13
9783110442182
Publisher
De Gruyter
Imprint
De Gruyter Oldenbourg
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 24th, 2016
Print length
139 Pages
Weight
377 grams
Ksh 21,700.00
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0 in stock
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By allowing their citizens to save and borrow from local banks in foreign currency, governments in developing and emerging market economies pose risks to the health and stability of their banking systems. This book deals with this topic.
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.
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