Coverart for item
The Resource How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian

How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian

Label
How to de-dollarize financial systems in the Caucasus and Central Asia?
Title
How to de-dollarize financial systems in the Caucasus and Central Asia?
Statement of responsibility
prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector development. Using dynamic panel data models, we find that foreign exchange deposits and loans in the CCA are mainly driven by volatile inflation and exchange rates, low financial depth, and asymmetric exchange rate policies biased toward depreciation. Although there is no unique formula for success, empirical studies and cross-country experiences suggest that credible monetary and exchange rate frameworks, low and stable inflation, and deep domestic financial markets are essential ingredients of any de-dollarization strategy. In implementation, policymakers need to consider proper sequencing of policies, effective communication as well as risks from potential financial disintermediation and instability, and/or capital flight. --Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Ben Naceur, Samy
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 15/203 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Hadjian, Gregory
  • Hosny, Amr
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/15/203
http://library.link/vocab/subjectName
  • Dollarization
  • Financial institutions
  • Financial institutions
  • Foreign exchange rates
  • Foreign exchange rates
  • Monetary policy
  • Dollarization
  • Monetary policy
  • Dollarization
  • Financial institutions
  • Foreign exchange rates
  • Monetary policy
  • Caucasus
  • Central Asia
Label
How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian
Instantiates
Publication
Copyright
Note
  • "Middle East and Central Asia."
  • "September 2015."
Bibliography note
Includes bibliographical references (pages 16-17)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
922975441
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781513507279
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2015203
  • (IMF)WPIEA2015203
  • (OCoLC)922975441
Label
How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian
Publication
Copyright
Note
  • "Middle East and Central Asia."
  • "September 2015."
Bibliography note
Includes bibliographical references (pages 16-17)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
922975441
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781513507279
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2015203
  • (IMF)WPIEA2015203
  • (OCoLC)922975441

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