Dollarization in Sub-Saharan Africa :: experience 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 obse...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Mecagni, Mauro (VerfasserIn), Maino, Rodolfo, 1961- (VerfasserIn)
Körperschaften: International Monetary Fund, International Monetary Fund. African Department
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, DC : International Monetary Fund, [2015]
Schriftenreihe:International Monetary Fund. African Department (Series) ; 15/4.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung: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 observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits--although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analyzing these issues with specific reference to the SSA region on the basis of the evidence for the past decade.
Beschreibung:At head of title: African Department.
"May 2015."
"IMF staff team led by Mauro Mecagni and Rodolfo Maino"--Cover.
Series and series numbering from IMF Web site (viewed May 19, 2015).
Beschreibung:1 online resource (75 pages) : color illustrations, color maps.
Bibliographie:Includes bibliographical references (pages 62-63).
ISBN:148431980X
9781513554365
1513554360
1498368476
9781498368476
9781484319802

Es ist kein Print-Exemplar vorhanden.

Volltext öffnen