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Factors behind Foreign Currency Holding by Household in Cambodia

Author

Listed:
  • Reza Y. Siregar
  • Narith Chan

Abstract

Cambodia has never officially adopted the U.S. dollar or other foreign currency as means for transaction, unit account or store of value. Yet, over the past decade, the country has become one of the most “dollarized” economies in the world. The objective of this study is to provide some insights into motives behind the usage of foreign currencies by domestic households. While early studies have been constrained by their reliance on official macroeconomic and financial data, especially from the banking sector, our analyses will largely be based on a unique database generated from a survey conducted on 1500 households across rural and urban areas of 17 provinces (out of total 24 provinces) in the country.

Suggested Citation

  • Reza Y. Siregar & Narith Chan, 2014. "Factors behind Foreign Currency Holding by Household in Cambodia," CAMA Working Papers 2014-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:camaaa:2014-58
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    File URL: https://cama.crawford.anu.edu.au/sites/default/files/publication/cama_crawford_anu_edu_au/2014-09/58_2014_siregar_chan.pdf
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    References listed on IDEAS

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    Cited by:

    1. AIBA, Daiju & 相場, 大樹, 2016. "Financial Dollarization: Evidence from a Survey on Branches of Cambodian Financial Institutions," Discussion Papers 2016-09, Graduate School of Economics, Hitotsubashi University.

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    More about this item

    Keywords

    Foreign Currency in Circulation; Dollarization; Household; Cambodia;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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