Renouf Publishing Co. Ltd.
embedded image
Renouf
Online Bookstore

ABOUT SSL CERTIFICATES

 
Quick Search
for: 
in 
 
Advanced search
F.A.Q.
Featured books
New in print
Best Sellers
President's picks

Shopping cart/Checkout  [0]
Sign-up for eUpdates
Dollarization and Financial Development
by Geoffrey J. Bannister, Jarkko Turunen, and Malin Gardberg

Series:Working Paper No. 18/200
ISBN 9781484373361
Code: #WPIEA2018200

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
39 pages
Add to cart
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
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 123527 Added: 2018.9.11