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Dollarization in Sub-Saharan Africa
Mecagni, Mauro; Corrales, Juan S.; Dridi, Jemma; Garcia-Verdu, Rodrigo; Imam, Patrick A.; Matz, Justin; Macario, Carla; Maino, Rodolfo; Mu, Yibin; Mo
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Description for Dollarization in Sub-Saharan Africa
Paperback. Num Pages: 75 pages. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 229 x 152. Weight in Grams: 525.
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 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 depositsalthough it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, ... Read more
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 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 depositsalthough it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, ... Read more
Product Details
Format
Paperback
Publication date
2015
Publisher
International Monetary Fund (IMF) United States
Number of pages
1
Condition
New
Number of Pages
75
Place of Publication
Washington, DC, United States
ISBN
9781498368476
SKU
V9781498368476
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
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