株式会社極東書店トップ商品一覧Understanding Dollarization : Causes and Impact of Partial Dollarization on Developing and Emerging Markets.

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Understanding Dollarization

Understanding Dollarization : Causes and Impact of Partial Dollarization on Developing and Emerging Markets. ドル化を理解する-部分的ドル化の原因と発展途上・新興市場への影響-

・ISBN 978-3-11-044218-2 Geb. EUR 149.95

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-3-11-043702-7

著者・編者Ozsoz, Emre / Rengifo, E. W.,
出版社(de Gruyter Oldenbourg, GW)
出版年月2016
ページ数300 S.
言語ENG
ニュース番号<632-454 632-L410>

解説

A 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.