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
Resource Information
The item How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Extent
- 1 online resource (21 pages)
- Note
-
- "Middle East and Central Asia."
- "September 2015."
- Isbn
- 9781513507279
- 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
- Subject
-
- Dollarization -- Asia, Central
- Dollarization -- Caucasus
- Electronic books
- Financial institutions
- Financial institutions -- Asia, Central
- Financial institutions -- Caucasus
- Foreign exchange rates
- Foreign exchange rates -- Asia, Central
- Foreign exchange rates -- Caucasus
- Monetary policy
- Monetary policy -- Asia, Central
- Monetary policy -- Caucasus
- Dollarization
- Central Asia
- Caucasus
- 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
- 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
- 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
- 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
Subject
- Dollarization -- Asia, Central
- Dollarization -- Caucasus
- Electronic books
- Financial institutions
- Financial institutions -- Asia, Central
- Financial institutions -- Caucasus
- Foreign exchange rates
- Foreign exchange rates -- Asia, Central
- Foreign exchange rates -- Caucasus
- Monetary policy
- Monetary policy -- Asia, Central
- Monetary policy -- Caucasus
- Dollarization
- Central Asia
- Caucasus
Genre
Member of
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/How-to-de-dollarize-financial-systems-in-the/FOtkBYsF02Y/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/How-to-de-dollarize-financial-systems-in-the/FOtkBYsF02Y/">How to de-dollarize financial systems in the Caucasus and Central Asia?, prepared by Sami Ben Naceur, Amr Hosny, and Gregory Hadjian</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
