Publication:
Deposit Dollarization and the Financial Sector in Emerging Economies

Simple item page
dc.contributor.authorHonohan, Patrick
dc.contributor.authorShi, Anqing
dc.date.accessioned2014-08-19T15:22:11Z
dc.date.available2014-08-19T15:22:11Z
dc.date.issued2001-12
dc.description.abstractAnalyzing new data, the authors find that the general trend toward increased use of foreign-currency-denominated bank deposits in emerging markets has continued, despite declines in a few countries. Their analysis of the new data suggests that a sizable fraction (about half, on average) of funds switched to dollar deposit accounts are effectively exported through the banking system, thereby reducing the supply of credit. Moreover, increases in deposit dollarization are associated with increases in offshore deposits, which probably helps to explain the authors' finding that dollarization is associated with an increase in banking spreads. The authors' evidence supports, though only weakly, the conjecture that dollarization would tend to raise wholesale interest rates systematically through a peso premium. In contrast, greater dollarization is clearly associated with a higher pass-through coefficient from exchange rate change to consumer prices, potentially increasing nominal risk in the economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/12/1671256/deposit-dollarization-financial-sector-emerging-economies
dc.identifier.doi10.1596/1813-9450-2748
dc.identifier.urihttps://hdl.handle.net/10986/19409
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2748
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBANK LENDING
dc.subjectBANKING SYSTEM
dc.subjectBANKNOTES
dc.subjectBANKS
dc.subjectBORROWING
dc.subjectCD
dc.subjectCENTRAL BANK
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCOUNTRY REPORTS
dc.subjectCOUNTRY RISK
dc.subjectCREDIT RISK
dc.subjectCURRENCY ASSETS
dc.subjectCURRENCY BOARD
dc.subjectCURRENCY RISK
dc.subjectDEBT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT DOLLARIZATION
dc.subjectDEPOSIT INTEREST
dc.subjectDEPOSIT INTEREST RATES
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOLLAR DEPOSITS
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC INFLATION
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEXCHANGE CONTROL
dc.subjectEXCHANGE CONTROLS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE DEPRECIATION
dc.subjectEXCHANGE RATE RISK
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED RETURN
dc.subjectFINANCIAL GLOBALIZATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEPOSITS
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNMENT DEBT
dc.subjectHIGH INFLATION
dc.subjectIMPERFECT COMPETITION
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFLATION
dc.subjectINFLATION TAX
dc.subjectINFLATIONARY POLICIES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectLEGISLATION
dc.subjectLOAN MARKETS
dc.subjectLOCAL BANKS
dc.subjectLOCAL BORROWERS
dc.subjectLOCAL CURRENCY
dc.subjectM2
dc.subjectMACRO POLICY
dc.subjectMACROECONOMIC POLICY
dc.subjectMONEY MARKET
dc.subjectMONEY SUPPLY
dc.subjectNET FOREIGN ASSETS
dc.subjectNOMINAL DEPRECIATION
dc.subjectNOMINAL DEVALUATION
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectPOLICY CREDIBILITY
dc.subjectPOLICY RESEARCH
dc.subjectPORTFOLIO
dc.subjectPRIVATE SECTOR
dc.subjectPROFITABILITY
dc.subjectRATE OF EXCHANGE
dc.subjectREAL EXCHANGE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectREGRESSION ANALYSIS
dc.subjectRISK PREMIUM
dc.subjectSTANDARD DEVIATION
dc.subjectWAGES
dc.subjectWHOLESALE PRICES
dc.titleDeposit Dollarization and the Financial Sector in Emerging Economiesen
dspace.entity.typePublication
okr.crossref.titleDeposit Dollarization and the Financial Sector in Emerging Economies
okr.date.disclosure2001-12-30
okr.date.doiregistration2025-04-10T09:41:17.222035Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2001/12/1671256/deposit-dollarization-financial-sector-emerging-economies
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid688721468766211450
okr.identifier.doi10.1596/1813-9450-2748
okr.identifier.externaldocumentum000094946_02011704031216
okr.identifier.internaldocumentum1671256
okr.identifier.reportWPS2748
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/01/25/000094946_02011704031216/Rendered/PDF/multi0page.pdfen
okr.sectorFinancial Sector Development
okr.sectorFinance
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.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicPayment Systems and Infrastructure
okr.topicFiscal and Monetary Policy
okr.unitFinance, Development Research Group
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
multi0page.pdf
Size:
1.73 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
multi0page.txt
Size:
79.77 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers