Declining but still high dollarization rates in the Caucasus and Central Asia (CCA) region affect macroeconomic …

This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization … in Caucasus, Central Asia and others in the region. This natural level of dollarization is conceptually linked to the … remittances due to the economic slowdown since the spread of COVID-19 affects the macroeconomic fundamentals that determine demand …

This paper analyses how financial inclusion in the Caucasus and Central Asia (CCA) compares to peers in Central and …

Caucasus and Central Asia (CCA) over the period 1998–2013. We apply the dealership model of Ho and Saunders (1981) and its …

rate in four economies (Armenia, Azerbaijan, the Kyrgyz Republic, and Tajikistan) from the Central Asia and South Caucasus … more productive workers. Direct evidence on the remittances that each household received is not available. The empirical …

associated inflow of workers' remittances over the past two decades. These four countries have much higher human capital, as … workers' remittances has had effects analogous to those of Dutch disease in the Kyrgyz Republic and Tajikistan, which have …-Samuelson adjusted real exchange rates, and poor trade performance. In Armenia and Georgia, where remittances are a smaller share of …

associated inflow of workers' remittances over the past two decades. These four countries have much higher human capital, as … workers' remittances has had effects analogous to those of Dutch disease in the Kyrgyz Republic and Tajikistan, which have …-Samuelson adjusted real exchange rates, and poor trade performance. In Armenia and Georgia, where remittances are a smaller share of …