Series: IMF Working Papers
Author(s): Sami Ben Naceur , Amr Hosny , and Gregory Hadjian
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 September 2015
Keywords: financial dollarization, financial development, de-dollarization, exchange, exchange rate, currency, inflation, deposits, General,
Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector develo...