Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposit

This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater c

Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are explorin

Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowin