Publication:
Dollarization of the Banking System : Good or Bad?

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dc.contributor.authorDe Nicolo, Gianni
dc.contributor.authorHonohan, Patrick
dc.contributor.authorIze, Alain
dc.date.accessioned2014-05-01T20:19:34Z
dc.date.available2014-05-01T20:19:34Z
dc.date.issued2003-08
dc.description.abstractDe 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 whether dollarization is associated with financial instability. They find that: The credibility of macroeconomic policy and the quality of institutions are both key determinants of cross-country variations in dollarization. Dollarization is likely to promote financial deepening only in a high inflation environment. Financial instability is likely higher in dollarized economies. The authors discuss the implications of these findings for financial sector and monetary policies.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/08/2495955/dollarization-banking-system-good-or-bad
dc.identifier.doi10.1596/1813-9450-3116
dc.identifier.urihttps://hdl.handle.net/10986/18133
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3116
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectACTUAL COST
dc.subjectASSET SUBSTITUTION
dc.subjectBALANCE SHEETS
dc.subjectBANK DEPOSITS
dc.subjectBANK FAILURE
dc.subjectBANK RESERVES
dc.subjectBANKING CRISES
dc.subjectBANKING SYSTEM
dc.subjectCAPITAL CONTROLS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCORRESPONDENT ACCOUNTS
dc.subjectCOUNTRY VARIATIONS
dc.subjectCURRENCY BOARD
dc.subjectCURRENCY BOARDS
dc.subjectCURRENCY FLUCTUATION
dc.subjectCURRENCY REGIME
dc.subjectCURRENCY RISK
dc.subjectCURRENCY SUBSTITUTION
dc.subjectCURRENCY TRANSACTIONS
dc.subjectDEBT
dc.subjectDEMAND DEPOSITS
dc.subjectDEPOSIT DOLLARIZATION
dc.subjectDEPOSIT INSURANCE
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOLLAR DEPOSITS
dc.subjectDOLLAR INDEXATION
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC FINANCIAL SYSTEM
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC RESIDENTS
dc.subjectECONOMETRIC EVIDENCE
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEURO
dc.subjectEXCHANGE ARRANGEMENTS
dc.subjectEXCHANGE DEPOSITS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE CHANGES
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXCHANGE RATE PEGS
dc.subjectEXCHANGE RATE POLICY
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATE STABILITY
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE RESTRICTIONS
dc.subjectEXPROPRIATION
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DOLLARIZATION
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL REPRESSION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOREIGN BORROWING
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEPOSITS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN INVESTORS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT GUARANTEE
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHIGH INFLATION
dc.subjectHIGH PREMIUM
dc.subjectHIGH RATES
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFLATION
dc.subjectINFLATION TARGETING
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL STRUCTURE
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL RESERVES
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL TENDER
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLOANABLE FUNDS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL CURRENCY LOANS
dc.subjectLONG TERM
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET RISK
dc.subjectMATURITIES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONETARY REGIME
dc.subjectMORAL HAZARD
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL AUTHORITIES
dc.subjectNONPERFORMING LOANS
dc.subjectOUTPUT
dc.subjectPENSIONS
dc.subjectPOLICY AGENDA
dc.subjectPOLICY CREDIBILITY
dc.subjectPOLICY RESEARCH
dc.subjectPORTFOLIOS
dc.subjectPRIVATE AGENTS
dc.subjectPRIVATE SECTOR
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC SECTOR
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL EXCHANGE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREAL SECTOR
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK FACTORS
dc.subjectRISK PREMIA
dc.subjectSECURITIES
dc.subjectSOLVENCY
dc.subjectSTABILIZATION
dc.subjectSTABLE EXCHANGE RATE
dc.subjectSTORE OF VALUE
dc.subjectTAX SYSTEM
dc.subjectTIME DEPOSITS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectVOLATILITY
dc.subjectWAGES BANKING SYSTEMS
dc.subjectDOLLARS
dc.subjectMACROECONOMIC POLICY
dc.subjectINFLATION
dc.subjectMONETARY SYSTEMS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOREIGN CURRENCY
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectCURRENCY MARKETS
dc.subjectCURRENCY HOLDINGS OF FUND
dc.subjectBANKING SYSTEMS
dc.subjectWAGES
dc.titleDollarization of the Banking System : Good or Bad?en
dspace.entity.typePublication
okr.crossref.titleDollarization of the Banking System: Good or Bad?
okr.date.doiregistration2025-04-10T10:03:52.695388Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/08/2495955/dollarization-banking-system-good-or-bad
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid372321468740710800
okr.identifier.doi10.1596/1813-9450-3116
okr.identifier.externaldocumentum000094946_03082904015447
okr.identifier.internaldocumentum2495955
okr.identifier.reportWPS3116
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/09/16/000094946_03082904015447/Rendered/PDF/multi0page.pdfen
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicPayment Systems and Infrastructure
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicFiscal and Monetary Policy
okr.unitFinance, Development Research Group; and the Monetary and Financial Systems Department, International Monetary Fund
okr.volume1
relation.isAuthorOfPublicationddbea2d3-9cc2-52f4-ab28-94372063d761
relation.isAuthorOfPublication.latestForDiscoveryddbea2d3-9cc2-52f4-ab28-94372063d761
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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