Dollarization in transition economies
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Published by International Monetary Fund in Washington, D.C .
Written in English


Book details:

Edition Notes

Includes bibliographical references.

SeriesIMF working paper -- WP/95/96
ContributionsInternational Monetary Fund.
The Physical Object
Paginationiii, 28 p. ;
Number of Pages28
ID Numbers
Open LibraryOL16675863M

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Get this from a library! Dollarization in Transition Economies: Evidence and Policy Implications.. [Carlos A Végh Gramont; Ratna Sahay] -- After most restrictions on foreign currency holdings were relaxed in the early s, foreign currency deposits in transition economies have been increasing rapidly. This paper takes a first look at   Dollarization in Transition Economies: New Evidence from Georgia Olga Aslanidi CERGE-EIy Ap Abstract This paper provides new evidence for dollarization in Georgia during the period from to using implications of dynamic money-in-utility-function :// Dollarization in Transition Economies: Evidence and Policy Implications. Article (PDF Available) January dollarization--bu t als o offer s a rar e opportunit y t o revisi t man y Dollarization in Transition Economies: Evidence and Policy Implications

Downloadable! After most restrictions on foreign currency holdings were relaxed in the early s, foreign currency deposits in transition economies have been increasing rapidly. This paper takes a first look at the evidence on dollarization for 15 transition economies, and then discusses some key conceptual and policy implications. Depending on the institutional constraints, foreign currency Abstract. This chapter offers viewpoints for diagnosing dollarization of four transitional economies of Southeast Asia. In comparison with dollarization in the other regions, three salient features of CLMV countries are noted—the underdeveloped banking system at the start of dollarization, large inflows of foreign currency banknotes in the early stage of dollarization, and restrictions on Using a dynamic factor model, we decompose fluctuations in financial dollarization for 24 transition economies into a common factor, an EU factor, a non-EU factor, and country-specific factors. The EU factor, which proxies for improvements in institutions under the set criteria for eventual membership, reveals the importance of institutions for   ## Book Dealing With Multiple Currencies In Transitional Economies ## Uploaded By Hermann Hesse, dealing with multiple currencies in transitional economies the scope for regional cooperation in cambodia the lao peoples democratic republic and viet nam mandaluyong city philippines asian development bank 1 regionalism 2

This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more 2 days ago  ~ Free Book Monetary Policy In Dollarized Economies Occasional Paper International Monetary Fund ~ Uploaded By Eiji Yoshikawa, the paper explores the various monetary policy strategies that may be pursued in the presence of dollarization considers the implications of dollarization for the practical application and instruments of   To summarize, banks in transition economies hedge against exchange rate risk by holding matched foreign exchange positions. However, as Ize and Parrado () point out, as long as financial dollarization outpaces real dollarization, and this seems to be the case in transition countries, there is a currency mismatch somewhere in the :// ‎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 th