exchange rate flexibility and a lower degree of dollarization, which could help mitigate the negative spillover effects of …

-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 …

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 …

The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign … currency terms, there could be large fluctuations in the dollarization ratio simply due to exchange rate movements. This paper … proposes a new approach to measuring dollarization that removes these exchange rate effects, and demonstrates that beyond the …

Financial 'euroization'-or 'dollarization' outside of Central and Eastern Europe-is typically analyzed as a singular …