Dollarization and Exchange Rate Fluctuations

Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars...

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Bibliographic Details
Main Author:	Honohan, Patrick
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	BANK DEPOSITS BANK INTEREST RATES BANKING CRISES BANKING SYSTEM BANKING SYSTEMS CDS CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL BANKS COUNTRY VARIATION COUNTRY VARIATIONS CREDIT RISK CURRENCY BOARD CURRENCY CRISIS CURRENCY DEPRECIATION CURRENCY OF DENOMINATION CURRENCY RISK CURRENCY UNITS DEPOSIT DOLLARIZATION DEPOSIT INTEREST DEPOSIT INTEREST RATES DEPOSIT MONEY DEPOSIT MONEY BANKS DEPOSIT RATES DEPRECIATION DOES DISINFLATION DOLLAR DEPOSITS DOLLARIZATION RATIOS DOMESTIC CURRENCY EAST EUROPEAN ELASTICITY EURO EXCHANGE ARRANGEMENTS EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATE CHANGES EXCHANGE RATE CRISES EXCHANGE RATE DEPRECIATION EXCHANGE RATE PEG EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATES EXCHANGE RESTRICTIONS FINANCIAL STABILITY FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN CURRENCY HOLDINGS FOREIGN CURRENCY LIABILITIES FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS GDP HIGH INFLATION HIGH RATES INDIRECT EFFECTS INFLATION INFLATION RATE INFLATION RATES INHERITANCE INSTITUTIONAL DEVELOPMENT INTEREST RATE INTEREST RATES INTERNATIONAL TRADE LEBANESE POUND LEGAL SYSTEM LENDER OF LAST RESORT LIQUID ASSETS LIQUIDITY LIQUIDITY CRISES LOCAL BANKING SYSTEM LOCAL BORROWERS LOCAL CURRENCY M2 MACROECONOMIC ENVIRONMENT MARKET RISK MONETARY AUTHORITIES MONETARY EXPANSION MONETARY POLICY MONETARY SHOCKS MONEY BASE NATIONAL AUTHORITIES NOMINAL EXCHANGE RATES NOMINAL RATES NORMAL VOLATILITY OFFSHORE BANKING OPTIMIZATION PEGS POLICY CREDIBILITY POLICY OPTIONS POLICY RESEARCH PORTFOLIO RISK PREMIUM SEIGNIORAGE SOLVENCY STABILIZATION STANDARD DEVIATION SYSTEMIC RISK TRANSITION ECONOMIES VALUATION YEMEN
Online Access:	http://documents.worldbank.org/curated/en/2007/03/7459553/dollarization-exchange-rate-fluctuations http://hdl.handle.net/10986/7252

Internet

http://documents.worldbank.org/curated/en/2007/03/7459553/dollarization-exchange-rate-fluctuations
http://hdl.handle.net/10986/7252

Dollarization and Exchange Rate Fluctuations

Internet

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