Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies ... when the ...

However, its influence takes on a much more pervasive form for emerging market economies, whose dollarised financial system has left them burdened with an unhealthy exposure to US policy decisions. In ...

So naturally, interest rates will have to rise, which means then that there is going to be a crowding out of investment in US dollarised economies. “Ours isn’t dollarised, but we are fixed to ...

It is possible, however, that no reliable aggregate can be found. This problem, which is by no means confined to dollarized economies, brings into question the policy of monetary targeting as opposed ...