Unravelling The Persistence Of Dollarization
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Unravelling The Persistence Of Dollarization
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Author : Ia Eradze
language : en
Publisher: Taylor & Francis
Release Date : 2023-06-22
Unravelling The Persistence Of Dollarization written by Ia Eradze and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-22 with Business & Economics categories.
This volume engages with the roots, dimensions, and implications of foreign currency domination in states with a national currency. Referred to as unofficial dollarization in literature, this is a worldwide phenomenon among developing countries and has a long history. This monograph provides a political economic analysis of dollarization in Georgia and is structured around three themes: the genesis of dollarization (1991–2003), the persistence of dollarization (2003–12) and the politicization of dollarization (2012–19). The case of Georgia is especially representative of the post-socialist transition states, but also has wider applicability. A high level of dollarization is a significant barrier to economic growth, macroeconomic and political stability, functional monetary policy, as well as social welfare. The Covid-19 crisis and the increasing debt of developing countries in foreign currency exacerbate dollarization-related vulnerabilities for these economies. This book will be of interest to postgraduate students in global/comparative political economy, development economics or transition economies, researchers in monetary sovereignty, central banking, exchange rate policies, currency hierarchy, money, financialization, and policy makers in dollarized countries and global institutions.
Handbook On Critical Political Economy And Public Policy
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Author : Christoph Scherrer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-01-20
Handbook On Critical Political Economy And Public Policy written by Christoph Scherrer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-20 with Political Science categories.
This comprehensive and stimulating Handbook examines the contribution of political economy to public policy. It provides an overview of several strands of critical political economy, supported by case studies from OECD countries, Latin America, South Africa, and South and East Asia.
Japan And The Growth Equity Small Government Impossible Triangle
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Author : Jun Saito
language : en
Publisher: Taylor & Francis
Release Date : 2024-03-05
Japan And The Growth Equity Small Government Impossible Triangle written by Jun Saito and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-05 with Political Science categories.
This volume examines and analyzes the current situation of, and the future prospects for, the Japanese economy, particularly in the context of inequality. The country's economy is facing the ageing and the shrinking of its population, both of which will reduce the potential growth rate, which has already become very low. By introducing a new policy framework, namely the `Equity-Growth-Small Government Impossible Triangle', based on reviewing, comparing and contrasting the policies of the United States, the Nordic economies and Japan, the book proposes a policy direction that could be pursued by Japan. If Japan wants to sustain growth while preventing inequality to widen and preserve an egalitarian society, there is no other choice but to further promote globalization and innovation and, at the same time, surrender preserving a small government by reforming itself to become a dynamic and resilient welfare state. The volume will be an invaluable resource for students, professionals and researchers with an interest in economics, inequality, the Japanese economy and comparative economic policies.
Decolonial Narratives In Economics
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Author : Altuğ Yalçıntaş
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-01-09
Decolonial Narratives In Economics written by Altuğ Yalçıntaş and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-09 with Business & Economics categories.
What narratives are underrepresented in the history of economic thought? How do economists account for freedom, justice, and democracy in non-Western cultures? How are ideas in non-English speaking countries disseminated? This book answers these critical questions with contributions by authors from underrepresented backgrounds within economics.
Obscurities Of Dollarization Unravelling The Persistence Of Foreign Currency Domination In Georgia
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Author : Ia Eradze
language : en
Publisher:
Release Date : 2020
Obscurities Of Dollarization Unravelling The Persistence Of Foreign Currency Domination In Georgia written by Ia Eradze and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Dolarizaciones
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Author : Ariel Wilkis
language : es
Publisher: Fondo de Cultura Económica Argentina
Release Date : 2024-11-29
Dolarizaciones written by Ariel Wilkis and has been published by Fondo de Cultura Económica Argentina this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-29 with Business & Economics categories.
Es conocido el rol que ha tenido el dólar norteamericano para afianzar la hegemonía de los Estados Unidos desde mediados del siglo XX, pero su conversión en una "moneda global" aún es un fenómeno que necesita ser comprendido. Dolarizaciones. Historias nacionales de una moneda global es el primer estudio transnacional que analiza cómo se desarrolló este proceso en diez países del Sur Global. El movimiento aquí propuesto es comprender cómo las dolarizaciones se convirtieron en capítulos centrales de la historia y el presente de Argentina, Venezuela, Ecuador, Cuba, Haití, El Salvador, México, Zimbabue, Vietnam y Georgia. En estos contextos nacionales, por un lado, el protagonismo del dólar alcanza un rol preponderante en la sociedad y la política. Por otro lado, este protagonismo es un lente para comprender fenómenos más amplios que han marcado el último medio siglo: los procesos de descolonización, el derrumbe del bloque soviético y las transiciones postsocialistas, los procesos hiperinflacionarios y las grandes crisis sociales, la financiarización de la economía y el debilitamiento de los Estados de bienestar, entre otros. Las historias narradas en este volumen colaboran para ampliar nuestra imaginación sobre el rol de las monedas globales y nos ayudan a comprender cómo los países que las emiten y respaldan económica y militarmente cumplen, a través de ellas, un papel crucial en la construcción de las autoridades políticas, en las dinámicas de estratificación social y en la elaboración de imaginarios colectivos y personales.
Persistence Of Dollarization After Price Stabilization
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Author : Veronica Rappoport
language : en
Publisher:
Release Date : 2011
Persistence Of Dollarization After Price Stabilization written by Veronica Rappoport and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Credit contracts in developing countries are often denominated in foreign currencies, even after many of these economies succeeded incontrolling inflation. This paper proposes a new interpretation of this apparent puzzle based on the demand for insurance against real shocks: The fact that devaluations occur more frequently in adverse states of the world provides a motive for holding dollar assets. This approach implies a complementarity between the optimal monetary policy and the currency denomination of contracts. When a large proportion of liabilities is denominated in a foreign currency, the optimal exchange rate volatility is low, which reinforces the demand for dollar assets.
Dollarization Persistence And Individual Heterogeneity
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Author : Paul Castillo
language : en
Publisher:
Release Date : 2005
Dollarization Persistence And Individual Heterogeneity written by Paul Castillo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
The most salient feature of financial dollarization, and the one that causes more concern to policymakers, is its persistence: even after successful macroeconomic stabilizations, dollarization ratios often remain high. In this paper we claim that this persistence is connected to the fact that the participants in the dollar deposit market are fairly heterogenous, and so is the way they form their optimal currency portfolios. We develop a simple model when agents differ in their ability to process information, which turns out to be enough to generate persistence upon aggregation. We find empirical support for this claim with data from three Latin American countries and Poland.
The Persistence Of Dollarization Processes
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Author : Leonardo R. Giacchino
language : en
Publisher:
Release Date : 1996
The Persistence Of Dollarization Processes written by Leonardo R. Giacchino and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Currency substitution categories.
Causes And Problems Of Dollarization
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Author : Fabio Botta
language : en
Publisher: GRIN Verlag
Release Date : 2020-06-23
Causes And Problems Of Dollarization written by Fabio Botta and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-23 with Business & Economics categories.
Seminar paper from the year 2020 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1,3, University of Leipzig (Institute for Economic Policy), course: Financial Development and Innovation in Developing Countries and Emerging Markets, language: English, abstract: This paper discusses the causes and problems associated with dollarization. Based on the results, it addresses the questions of how high dollarization rates can be evaluated and, in particular, whether it is advisable to opt for full dollarization (FD) or to what extent policymakers should rather aim for de-dollarization. As an introduction to the discussion, Chapter 2 will give a short illustration of the theoretical concepts of dollarization. Chapter 3 will then explain the causes of dollarization. The subsequent description of the advantages of FD in Chapter 4, which can also be cited as a reason for high rates of dollarization,3 leads directly to the problems associated with dollarization in Chapter 5. These problems arise – unless otherwise stated – both from high dollarization rates and from FD. The research up to Chapter 5 concentrates on a more theoretical level. The discussion on how to evaluate the causes and problems in Chapter 6 tries to link theoretical concepts with more general empirical analyses. Chapter 7 provides a brief conclusion of the most important findings and concludes with recommendations for future research. “Dollarization has evolved as one of the noteworthy features of globalization during the last two decades.” Although Mr. Yilmaz, the then Governor of the Central Bank of the Republic of Turkey, said this sentence at a conference on dollarization in December 2006, it remains more relevant than ever. Due to the increasing integration of the international financial system, the lifting of restrictions on capital mobility and the growing volume of trade, the debate on dollarization met with a growing interest in the 1990s. Nonetheless, today's economic journals are still filled with new publications on dollarization.