Series: IMF Working Papers
Author(s): Gianni De Nicolo , Patrick Honohan , and Alain Ize
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2003
Keywords: Financial Deepening, Financial Instability, inflation, foreign currency, foreign exchange, Financial Aspects of Economic Integration,
This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development,...