Deposit Dollarization : What's Happening, What Can Be Done?

Deposit Dollarization : What's Happening, What Can Be Done?

Around the world-not just in Latin America -central bankers are looking uneasily at the growing share of foreign currency-denominated deposits in their banking systems. They have a sense that these deposits may not be a good thing, or at least may...

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Bibliographic Details
Main Author: Honohan, Patrick
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
BALANCE SHEETS
BANK DEPOSITS
BANKING SYSTEM
BANKING SYSTEMS
CAPITAL FLIGHT
CENTRAL AMERICA
CENTRAL BANKS
CREDIBILITY
DEVALUATION
DEVELOPMENT ECONOMICS
ECONOMETRIC ANALYSIS
ECONOMICS
ECONOMICS RESEARCH
EMERGING ECONOMIES
EXCHANGE RATE
EXCHANGE RATE FLEXIBILITY
EXCHANGE RATE STABILITY
EXCHANGE RATES
EXPOSURE
EXTERNALITIES
FINANCIAL DEPTH
FINANCIAL INNOVATION
FINANCIAL INTERMEDIARIES
FINANCIAL POLICY
FINANCIAL SECTOR
FINANCIAL STRUCTURES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
GLOBALIZATION
INCOME
INFLATION
INFLATION RATES
INSURANCE
INTERMEDIATION
LEGAL TENDER
LIABILITY
LOCAL CURRENCY
M2
MACROECONOMIC POLICY
MIDDLE EAST
MONETARY AUTHORITIES
MORAL HAZARD
NONPERFORMING LOANS
NORTH AFRICA
PER CAPITA INCOME
PORTFOLIOS
REGRESSION ANALYSIS
SECURITIES
TRANSITION ECONOMIES
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2004/09/5179847/deposit-dollarization-whats-happening-can-done
http://hdl.handle.net/10986/11257
Description
Summary:Around the world-not just in Latin America -central bankers are looking uneasily at the growing share of foreign currency-denominated deposits in their banking systems. They have a sense that these deposits may not be a good thing, or at least may be a symptom of weaknesses in their financial structures or policies. In some countries spontaneous dollarization of the banking system has long been extensive and well known; in other countries it has been a creeping affair.

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