Understanding Dollarization
ISBN:
978-3-11-044218-2
Verlag:
De Gruyter Oldenbourg
Land des Verlags:
Deutschland
Erscheinungsdatum:
24.05.2016
Format:
Hardcover
Seitenanzahl:
129
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
A very commonly observed phenomenon in developing and emerging market economies is the use of another country’s currency (US dollar or other) in lieu or in addition to the local currency. Governments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency, posing risks to the health and stability of their banking systems.
Schlagwörter
Biografische Anmerkung
Emre Ozsoz, State University of New York - FIT, New York, USA; Erick W. Rengifo, Fordham University, New York, USA
