, putting the public and private financial systems and ultimately the dollarization regime at risk. In this paper, we first …

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 …

With some of the most significant levels of financial dollarization in the Western Hemisphere, Uruguay is characterized … by extensive dollarization in both deposits and loans. While traditional factors like high inflation and substantial … devaluations have been associated with such outcome, the enduring nature of dollarization in Uruguay also underscores the …

Financial dollarization is considered a source of macroeconomic instability in many emerging economies. Dollarization … associated with financial dollarization. These results can explain the prevalence of low macroeconomic volatility in some … costs of dollarization …

This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results …

Intro -- Contents -- I. INTRODUCTION -- II. PROS OF DOLLARIZATION: ANALYTICAL CONSIDERATIONS AND EMPIRICAL EVIDENCE … -- III. CONS OF DOLLARIZATION -- IV. CHOICES OF CURRENCY REGIMES IN POSTCONFLICT COUNTRIES -- V. CONCLUSIONS: IS LIBERIA A … CANDIDATE FOR FULL, DE JURE DOLLARIZATION? -- References. …