LEADER 03691nam 2200565 450 001 9910465827003321 005 20200520144314.0 010 $a3-11-043702-3 010 $a3-11-043403-2 024 7 $a10.1515/9783110437027 035 $a(CKB)3710000000718440 035 $a(MiAaPQ)EBC4533891 035 $a(DE-B1597)455502 035 $a(OCoLC)953416995 035 $a(DE-B1597)9783110437027 035 $a(Au-PeEL)EBL4533891 035 $a(CaPaEBR)ebr11214978 035 $a(CaONFJC)MIL927192 035 $a(OCoLC)951075944 035 $a(EXLCZ)993710000000718440 100 $a20160613h20162016 uy 0 101 0 $ager 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aUnderstanding dollarization $ecauses and impact of partial dollarization on developing and emerging markets /$fEmre Ozsoz, Erick W. Rengifo 210 1$aBerlin, [Germany] ;$aBoston, [Massachusetts] :$cDe Gruyter Oldenbourg,$d2016. 210 4$dİ2016 215 $a1 online resource (140 pages) $cillustrations, tables, graphs 311 $a3-11-044218-3 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tForeword -- $tContents -- $t1. A Primer on Dollarization -- $t2. Pros and Cons of Dollarization -- $t3. What Causes Dollarization? -- $t4. The Impact of Dollarization on Banking Systems -- $t5. Dollarization, Financial Deepening and Financial Inclusion -- $t6. Policy Interventions in Dollarized Economies -- $t7. Conclusions -- $tReferences -- $tIndex 330 $aA 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. 330 $aA very commonly observed phenomenon in developing and emerging market economies is the use of another country?s currency (whether the US dollar or another currency) in lieu or in addition to the local currency. The most common type of this financial phenomenon is partial (de facto) dollarization where foreign currencies are used side by side with local currency for saving and borrowing purposes in addition to serving as medium of exchange. Governments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency. Yet the existence of multiple currencies on banks' balance sheets on both the asset and liability side poses risks to the health and stability of the banking system. This book evaluates the practical aspects of partial dollarization in countries such as Turkey, South Korea, Peru, and Cambodia among others. Starting with the origins of the phenomenon, the impact on banking systems and financial depth of the credit markets are discussed along with risks to the banking systems. Challenges faced by Central Banks and banking regulators are evaluated using recent country studies. 606 $aForeign exchange rates$zDeveloping countries 606 $aDollarization 608 $aElectronic books. 615 0$aForeign exchange rates 615 0$aDollarization. 676 $a332.456091724 700 $aOzsoz$b Emre$01029005 702 $aRengifo$b Erick W. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910465827003321 996 $aUnderstanding dollarization$92445224 997 $aUNINA