Coverart for item
The Resource Dollarization and Financial Development

Dollarization and Financial Development

Label
Dollarization and Financial Development
Title
Dollarization and Financial Development
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization, differentiating across foreign currency deposits and credit on financial depth, access and efficiency for a large sample of emerging market and developing countries over the past two decades. Panel regressions estimated using system GMM show that deposit dollarization has a negative impact on financial deepening on average. This negative impact is dampened in cases with past periods of high inflation. There is also some evidence that dollarization hampers financial efficiency. The results suggest that policy efforts to reduce dollarization can spur faster and safer financial development
Member of
Cataloging source
EBLCP
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Bannister, Geoffrey J
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Gardberg, Malin
  • Turunen, Jarkko
http://library.link/vocab/subjectName
  • Dollarization
  • General
  • Saving And Capital Investment
  • All Countries
Label
Dollarization and Financial Development
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; Abstract; I. INTRODUCTION; II. LITERATURE AND THEORY; III. MEASURING DOLLARIZATION AND FINANCIAL DEVELOPMENT; IV. METHOD; Policy variables in P; Structural variables in S; Dollarization variables in D; Estimation strategy; V. RESULTS; Financial Depth; Financial Access and Efficiency; Robustness; VI. CONCLUSION; VII. REFERENCES; TABLES; 1. The Impact of Dollarization on Financial Debt; 2. Dollarization and Financial Development in Countries with a History of High Inflation; 3. Dollarization and Financial Access and Efficiency; FIGURES; 1. Deposit and Credit Dollarization
  • 2. Regional Average Deposit Dollarization3. Regional Average Credit Dollarization; 4. Deposit Dollarization in a Number of Countries; 5. Deposit vs. Credit Dollarization; 6. Deposit Dollarization and Financial Development; 7. Credit Dollarization and Financial Development; 8. Aggregate Mismatch between Deposit and Credit Dollarization and Financial Development; 9. Deposit Dollarization in Foreign Asset Ratios of Deposit Taking Banks; APPENDIX I: DATA; Country coverage; Dollarization; Financial development; Control and additional variables; TABLE; 1. Summary Statistics
  • APPENDIX II: ADDITIONAL RESULTSTABLES; 1. Dollarization and Financial Development with Dollarization and Its Determinants Predetermined; 2. Dollarization and Financial Development Relationship Estimated with Fewer Instruments; 3. Dollarization and Financial Development Using More Parsimonious Models; 4. Deposit Dollarization and Financial Depth, Access and Efficiency with FE and Difference GMM Estimators; 5. The Relationship between Dollarization and Financial Development in Countries with Deposit and Credit Dollarization Above 1 Percent
Control code
1056896512
Dimensions
unknown
Extent
1 online resource (40 pages)
Form of item
online
Isbn
9781484376539
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1056896512
Label
Dollarization and Financial Development
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; Abstract; I. INTRODUCTION; II. LITERATURE AND THEORY; III. MEASURING DOLLARIZATION AND FINANCIAL DEVELOPMENT; IV. METHOD; Policy variables in P; Structural variables in S; Dollarization variables in D; Estimation strategy; V. RESULTS; Financial Depth; Financial Access and Efficiency; Robustness; VI. CONCLUSION; VII. REFERENCES; TABLES; 1. The Impact of Dollarization on Financial Debt; 2. Dollarization and Financial Development in Countries with a History of High Inflation; 3. Dollarization and Financial Access and Efficiency; FIGURES; 1. Deposit and Credit Dollarization
  • 2. Regional Average Deposit Dollarization3. Regional Average Credit Dollarization; 4. Deposit Dollarization in a Number of Countries; 5. Deposit vs. Credit Dollarization; 6. Deposit Dollarization and Financial Development; 7. Credit Dollarization and Financial Development; 8. Aggregate Mismatch between Deposit and Credit Dollarization and Financial Development; 9. Deposit Dollarization in Foreign Asset Ratios of Deposit Taking Banks; APPENDIX I: DATA; Country coverage; Dollarization; Financial development; Control and additional variables; TABLE; 1. Summary Statistics
  • APPENDIX II: ADDITIONAL RESULTSTABLES; 1. Dollarization and Financial Development with Dollarization and Its Determinants Predetermined; 2. Dollarization and Financial Development Relationship Estimated with Fewer Instruments; 3. Dollarization and Financial Development Using More Parsimonious Models; 4. Deposit Dollarization and Financial Depth, Access and Efficiency with FE and Difference GMM Estimators; 5. The Relationship between Dollarization and Financial Development in Countries with Deposit and Credit Dollarization Above 1 Percent
Control code
1056896512
Dimensions
unknown
Extent
1 online resource (40 pages)
Form of item
online
Isbn
9781484376539
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1056896512

Library Locations

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      32.771471 -117.187496
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