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Dollarization:Demand of time or the result of mismanagement of economy

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  • -, Anurag

Abstract

This paper tries to evaluate costs and benefits of the dollarization and clears some basic understanding about dollarization. This paper provides the empirical evidence for the determinants of dollarization and finds that underlying vulnerability of economic system leads to dollarization and dollarization is feasible in small economies and only at inflationary environment

Suggested Citation

  • -, Anurag, 2012. "Dollarization:Demand of time or the result of mismanagement of economy," MPRA Paper 58619, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58619
    as

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    File URL: https://mpra.ub.uni-muenchen.de/58619/1/MPRA_paper_58619.pdf
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    References listed on IDEAS

    as
    1. Reinhart, Carmen & Calvo, Guillermo, 1999. "Inversión de las corrientes de capital, tipo de cambio y dolarización [Capital Flow Reversals, the Exchange Rate Debate, and Dollarization]," MPRA Paper 13692, University Library of Munich, Germany.
    2. repec:zbw:bofitp:2001_001 is not listed on IDEAS
    3. Mr. Gianni De Nicolo & Mr. Patrick Honohan & Mr. Alain Ize, 2003. "Dollarization of the Banking System: Good or Bad?," IMF Working Papers 2003/146, International Monetary Fund.
    4. Mr. Eduardo Borensztein & Mr. Andrew Berg, 2000. "The Pros and Cons of Full Dollarization," IMF Working Papers 2000/050, International Monetary Fund.
    5. Corbo, Vittorio, 2002. "Exchange Rate Regimes in the Americas: Is Dollarization the Solution?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 20(S1), pages 91-111, December.
    6. James A. Hanson & Patrick Honohan & Giovanni Majnoni, 2003. "Globalization and National Financial Systems," World Bank Publications - Books, The World Bank Group, number 15160, December.
    7. Stanley Fischer, 2001. "Exchange Rate Regimes: Is the Bipolar View Correct?," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 3-24, Spring.
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    More about this item

    Keywords

    Dollarization; vulnerability; inflation; institution;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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