Revisiting the Concept of Dollarization : The Global Financial Crisis and Dollarization in Low-Income Countries »
Series: IMF Working Papers
Author(s): Nkunde Mwase , and Francis Kumah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 January 2015
Keywords: deposit dollarization, GMM, impulse response, flight to quality, currency, deposit, exchange rate, deposits, foreign currency, Models with Panel Data
The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign currency deposits to broad money. However, while private agent demand for foreign currency may...