We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board …

Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of emerging markets to …

Declining but still high dollarization rates in the Caucasus and Central Asia (CCA) region affect macroeconomic … dynamics of dollarization in the CCA, the relative roles of macrofinancial policies and financial market development in the de-dollarization … process have not yet been assessed empirically. This paper takes stock of de-dollarization efforts and explores the short …

transmitting remittances and reduces dollarization. Given the size and importance of remittances in Tajikistan, improving financial …

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in … the impact of financial dollarization, differentiating across foreign currency deposits and credit on financial depth … regressions estimated using system GMM show that deposit dollarization has a negative impact on financial deepening on average …

-regression techniques, this paper documents the evolution of households' and firms' dollarization over the past decade. We assess the … macroeconomic determinants of dollarization for households and firms and explore differences between high and low-income countries …. We find that households' and firms' dollarization in loans and deposits are weakly explained by the currency substitution …