of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80 …

This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …

This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …

Highly volatile exchange rates don't come cheap in economies with large liability dollarization ratios. Therefore …

simultaneously discarded. Often, dollarization becomes an attractive option for developing countries that have experienced successive … equilibrium, but trigger a recession and increased unemployment. Since this, too, is unacceptable, dollarization turns out to be a …

Dollarization is becoming a viable option for a number of countries, but the loss of seigniorage is a major obstacle …

The most salient feature of financial dollarization, and the one that causes more concern to policymakers, is its … persistence: even after successful macroeconomic stabilizations, dollarization ratios often remain high. In this paper we claim …

currency substitution, asset substitution, and dollarization, and examine the consequences of network externalities for …