This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the … 2002 to March 2016. The evidence suggests that dollarization shares a common stochastic trend with exchange rates … exchange rate depreciation and financial development in the evolution of dollarization. Whereas depreciation induces a switch …

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 …

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 …

Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy … facto financial dollarization under different economic environments and analyzes its interplay with monetary and prudential … policies. In addition to providing a systematic analysis of the existence, stability, and multiplicity of dollarization …

De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a … foreign currency, is a policy concern in an increasing number of developing economies. This paper addresses the dollarization … debate from this perspective, with the goal of setting the stage for a more detailed and focused discussion of whether de-dollarization …

contribution to the dollarization debate nor provide useful guidance to policymakers. The proposed model is based on unrealistic …

contribution to the dollarization debate nor provide useful guidance to policymakers. The proposed model is based on unrealistic …