degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized since 1995. Against a …

progressive dollarization. The paper also analyzes the impact of dollarization on the ability of governments to earn seigniorage …, the dynamics of dollarization in a growing economy, and the central role of expectations—specifically, confidence in the … domestic currency—in determining the extent of dollarization and, potentially, in reversing it. …

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information …

with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation … targeting under high liability dollarization. Our findings suggest that it might be optimal to follow a nonlinear policy rule …

Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the … 1990s in spite of exchange rate stabilization. To explain this "dollarization hysteresis," this paper develops a model in … which network externalities in the demand for currency can generate multiple stable steady states for the dollarization …