| Description |
1 online resource (75 pages) : color illustrations, color maps. |
|
text file |
| Series |
[African departmental paper ; no. 15/4]
|
|
International Monetary Fund. African Department (Series) ; 15/4.
|
| Note |
At head of title: African Department. |
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"May 2015." |
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"IMF staff team led by Mauro Mecagni and Rodolfo Maino"--Cover. |
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Series and series numbering from IMF Web site (viewed May 19, 2015). |
| Bibliography |
Includes bibliographical references (pages 62-63). |
| Summary |
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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Dollarization -- Africa, Sub-Saharan.
|
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Dollarization. |
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Sub-Saharan Africa. |
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Foreign exchange -- Africa, Sub-Saharan.
|
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Foreign exchange. |
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Africa, Sub-Saharan -- Economic policy.
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Economic policy. |
| Genre/Form |
Electronic books.
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| Added Author |
Mecagni, Mauro, author.
|
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Maino, Rodolfo, 1961- author.
|
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International Monetary Fund.
|
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International Monetary Fund. African Department.
|
| ISBN |
148431980X (pdf) |
|
9781513554365 |
|
1513554360 |
|
1498368476 |
|
9781498368476 |
|
9781484319802 (electronic book) |
| Standard No. |
10.5089/9781498368476.087 |
| Music No. |
MWT11411656 |
|
