reducing the dollar funding pressures abroad and stresses in money markets. The central bank dollar swap facilities are an …

Dollarization, in a broad sense, is increasingly a defining characteristic of many emerging market economies. How … dollarization that is broad both conceptually and in terms of country coverage. We use this measure to identify trends in the … evolution of dollarization in the developing world in the last two decades, and to ascertain the consequences that dollarization …