by
Mauro Mr. Mecagni, Juan Mr. Corrales, Jemma Mr. Dridi
Language: English
Release Date: May 15, 2015
Dollarization—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...