apparent paradox between a decade of economic and political improvements and continued dollarization, and drawing policy … host of institutional barriers that need to be overcome to prepare the groundwork for a natural process of de-dollarization. …

This paper briefly discusses the causes and consequences of financial dollarization with special reference to the … recent Turkish experience. Most developing countries have a limited,unofficial form of dollarization, which makes them … vulnerable to external shocks through currency mismatches. Financial dollarization can limit the scope of macroeconomic policies …