Dollarization in Sub-Saharan Africa : Experiences and Lessons /

Dollarization-the use of foreign currencies as a medium of exchange, store of value, or unit of account-is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observ...

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Bibliographic Details
Main Author: Mecagni, Mauro
Other Authors: Corrales, Juan, Dridi, Jemma, Garcia-Verdu, Rodrigo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:Departmental Papers; Departmental Paper ; No. 2015/005
Online Access:Full text available on IMF