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181208 ||| eng |
| 020 |
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|a 9781484373361
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| 100 |
1 |
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|a Bannister, Geoffrey
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| 245 |
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0 |
|a Dollarization and Financial Development
|c Geoffrey Bannister, Jarkko Turunen, Malin Gardberg
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2018
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| 300 |
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|a 39 pages
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| 651 |
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4 |
|a Angola
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| 653 |
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|a Financial markets
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| 653 |
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|a Standards
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Financial sector development
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| 653 |
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|a Financial services industry
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| 653 |
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|a Finance
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| 653 |
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|a Banking
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| 653 |
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|a Financial Institutions and Services: General
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| 653 |
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|a Economic Development: Financial Markets
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| 653 |
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|a Regimes
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| 653 |
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|a Monetary policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Bank deposits
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| 653 |
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|a Dollarization
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Inflation
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| 653 |
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|a Payment Systems
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| 653 |
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|a Banks
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| 653 |
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|a Price Level
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| 653 |
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|a Deflation
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| 653 |
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|a Finance: General
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| 653 |
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|a Money
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Prices
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Saving and Capital Investment
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| 653 |
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|a Corporate Finance and Governance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Mortgages
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| 653 |
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|a Credit
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Financial services
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| 653 |
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|a Monetary Systems
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| 700 |
1 |
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|a Gardberg, Malin
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| 700 |
1 |
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|a Turunen, Jarkko
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781484373361.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2018/200/001.2018.issue-200-en.xml?cid=46164-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization, differentiating across foreign currency deposits and credit on financial depth, access and efficiency for a large sample of emerging market and developing countries over the past two decades. Panel regressions estimated using system GMM show that deposit dollarization has a negative impact on financial deepening on average. This negative impact is dampened in cases with past periods of high inflation. There is also some evidence that dollarization hampers financial efficiency. The results suggest that policy efforts to reduce dollarization can spur faster and safer financial development
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