Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are explorin

This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: th

Using a newly complied and extended database from International Financial Statistics, and applying different panel-regression techniques, this paper documents t

In the last decade, a group of Latin American countries (Bolivia, Paraguay, Peru, and Uruguay) experienced a gradual, yet sustained decline in financial dollari

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposit