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 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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Bibliographic Details
Main Author: Honohan, Patrick
Language:English
Published: World Bank, Washington, DC 2004-09
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
https://hdl.handle.net/10986/11257
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