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Revisiting the Concept of Dollarization

Revisiting the Concept of Dollarization »

Source: Revisiting the Concept of Dollarization : The Global Financial Crisis and Dollarization in Low-Income Countries

Volume/Issue: 2015/12

Series: IMF Working Papers

Author(s): Nkunde Mwase , and Francis Kumah


Publication Date: 22 January 2015

ISBN: 9781484366912

Keywords: deposit dollarization, GMM, impulse response, flight to quality, currency, deposit, exchange rate, deposits, foreign currency, Models with Panel Data

The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign currency deposits to broad money. However, while private agent demand for foreign currency may...