Format:
1 Online-Ressource (circa 40 Seiten)
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ISBN:
9781484373361
Series Statement:
IMF working paper WP/18, 200
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Bannister, Geoffrey Dollarization and Financial Development Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484373361
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484373361.001
URL:
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