Using a newly complied and extended database from International Financial Statistics, and applying different panel-regression techniques, this paper documents t

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposit

This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater c

Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are explorin

In most of the currency crises of the 1990s, the largest output falls have occurred in those emerging economies with large currency mismatches, a phenomenon tha