How to De-Dollarize Financial Systems in the Caucasus and Central Asia? /

Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector development. Using dynamic panel data models, we find that foreign exchange deposits and loa...

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Detalles Bibliográficos
Autor principal: Ben Naceur, Sami
Otros Autores: Hadjian, Gregory, Hosny, Amr
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2015.
Colección:IMF Working Papers; Working Paper ; No. 2015/203
Acceso en línea:Full text available on IMF