Staff View: Dollarization of the Banking System : Good or Bad?

Dollarization of the Banking System : Good or Bad?

De Nicol� Honohan, and Ize assess the benefits and risks associated with dollarization of the banking system. The authors provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whe...

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Bibliographic Details
Main Authors:	De Nicolo, Gianni, Honohan, Patrick, Ize, Alain
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ACTUAL COST ASSET SUBSTITUTION BALANCE SHEETS BANK DEPOSITS BANK FAILURE BANK RESERVES BANKING CRISES BANKING SYSTEM CAPITAL CONTROLS CENTRAL BANK CENTRAL BANKS CORRESPONDENT ACCOUNTS COUNTRY VARIATIONS CURRENCY BOARD CURRENCY BOARDS CURRENCY FLUCTUATION CURRENCY REGIME CURRENCY RISK CURRENCY SUBSTITUTION CURRENCY TRANSACTIONS DEBT DEMAND DEPOSITS DEPOSIT DOLLARIZATION DEPOSIT INSURANCE DEVALUATION DEVELOPING COUNTRIES DOLLAR DEPOSITS DOLLAR INDEXATION DOMESTIC CURRENCY DOMESTIC FINANCIAL SYSTEM DOMESTIC INVESTORS DOMESTIC RESIDENTS ECONOMETRIC EVIDENCE EMPIRICAL EVIDENCE EURO EXCHANGE ARRANGEMENTS EXCHANGE DEPOSITS EXCHANGE RATE EXCHANGE RATE CHANGES EXCHANGE RATE FLEXIBILITY EXCHANGE RATE PEGS EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE STABILITY EXCHANGE RATES EXCHANGE RESTRICTIONS EXPROPRIATION EXTERNAL SHOCKS EXTERNALITIES FINANCIAL ASSETS FINANCIAL CONTRACTS FINANCIAL DEEPENING FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL DOLLARIZATION FINANCIAL INNOVATION FINANCIAL INSTABILITY FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REPRESSION FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BORROWING FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN INVESTORS GLOBALIZATION GOVERNMENT GUARANTEE GOVERNMENT INTERVENTION HIGH INFLATION HIGH PREMIUM HIGH RATES INDUSTRIAL COUNTRIES INFLATION INFLATION TARGETING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL RESERVES LEGAL PROTECTION LEGAL SYSTEM LEGAL TENDER LIQUIDATION LIQUIDITY LOANABLE FUNDS LOCAL CURRENCY LOCAL CURRENCY LOANS LONG TERM MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET RISK MATURITIES MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY MONETARY REGIME MORAL HAZARD MUTUAL FUNDS NATIONAL AUTHORITIES NONPERFORMING LOANS OUTPUT PENSIONS POLICY AGENDA POLICY CREDIBILITY POLICY RESEARCH PORTFOLIOS PRIVATE AGENTS PRIVATE SECTOR PROBABILITY OF DEFAULT PUBLIC DEBT PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES REAL SECTOR RESERVE REQUIREMENTS RISK FACTORS RISK PREMIA SECURITIES SOLVENCY STABILIZATION STABLE EXCHANGE RATE STORE OF VALUE TAX SYSTEM TIME DEPOSITS TRANSACTION COSTS TRANSITION ECONOMIES VOLATILITY WAGES BANKING SYSTEMS DOLLARS MONETARY SYSTEMS CURRENCY MARKETS CURRENCY HOLDINGS OF FUND BANKING SYSTEMS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2003/08/2495955/dollarization-banking-system-good-or-bad http://hdl.handle.net/10986/18133

Dollarization of the Banking System : Good or Bad?

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