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OverviewDollarization: the use of foreign currencies as a medium of exchange, store of value, or unit of account - is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits--although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analysing these issues with specific reference to the SSA region on the basis of the evidence for the past decade. Full Product DetailsAuthor: Mauro Mecagni , International Monetary Fund , Juan S. Corrales , Jemma DridiPublisher: International Monetary Fund (IMF) Imprint: International Monetary Fund (IMF) Weight: 0.525kg ISBN: 9781498368476ISBN 10: 1498368476 Pages: 75 Publication Date: 30 September 2015 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Out of stock The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |