comparisons suggest that dollarization is the least successful of the monetary policy rules considered: agents are willing to give … up between 0.1 and 0.3 percent of their nonstochastic steady-state consumption to see a policy other than dollarization …

level of dollarization in the economy. The three sources of foreign currency earnings are financial integration, trade … openness and natural resource rent. As such, we extend the determinants of dollarization to capture these variables. A dataset … to the increasing rate of dollarization. Specifically, it was found that trade openness and financial liberalization are …

Financial dollarization in Sub-Saharan Africa is the most persistent compared to other regions of the world. This study … complements the existing scant literature on dollarization in Africa by assessing the role of information sharing offices (public … credit registries and private credit bureaus) on financial dollarization in 26 countries of SSA for the period 2001-2012. The …

preferably USD. This paper's main focus is dollarization and currency devaluation; of which are yet unresolved both theoretically … models to examine the relationship between dollarization and exchange rate. The Autoregressive Conditional Heteroscedasticity … models indicate that dollarization does indeed induce currency depreciation as well as exchange rate volatility. Based on the …

This study contributes to the dollarization literature by expanding its determinants to account for different … dollarization amplifiers, while the explanatory power of the economic component is weak er on dollarization. Second, consistent with … positive expected signs. Third, the positive association between the accumulation of international reserves and dollarization …

This paper shows how uncertainty about liquidity demand can lead to a high degree of dollarization in the banking … amount of dollars and a relatively small amount of local currency. I also show the existence of a dollarization multiplier … : as the anticipated transactions demand for dollars increases, the dollarization of the banking sector increases more than …

. Thus, welfare gains are negatively related to dollarization. …

The Bolivian puzzle is high and persistent financial dollarization notwithstanding deep macroeconomic stabilization … and new approaches to explain dollarization in Bolivia. We first assess the currency substitution approach and then assess … the empirical evidence for the financial dollarization approach. The results show that the macroeconomic variables capture …