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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Bibliografski detalji
Glavni autor: Ben Naceur, Sami
Daljnji autori: Hadjian, Gregory, Hosny, Amr
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2015.
Serija:IMF Working Papers; Working Paper ; No. 2015/203
Online pristup:Full text available on IMF