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 …

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

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 …

We re-appraise the cross-country evidence on the dollarization of financial systems in emerging market economies …. Amidst striking heterogeneity of patterns across regions, we identify a broad global trend towards financial sector de-dollarization … from the early 2000s to the eve of the global financial crisis of 2008-09. Since then, de-dollarization has broadly stalled …