Dollarization and De-dollarization in Transitional Economies of Southeast Asia
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Beschreibung
This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more persistent than other types of dollarization in this region due to network externalities. The book illustrates that dollarization started in the underdeveloped financial system in these countries and that dollarization interacted with financial development, which is in contrast to dollarization in Latin America. This project extends the frontiers of empirical studies on dollarization. It will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia.
This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more persistent than other types of dollarization in this region due to network externalities. The book illustrates that dollarization started in the underdeveloped financial system in these countries and that dollarization interacted with financial development, which is in contrast to dollarization in Latin America. This project extends the frontiers of empirical studies on dollarization. It will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia.
Presents key factors that characterize the dollarization trends in four Southeast Asian countries Examines in-depth case studies by practitioners of respective countries or experts working on these countries Offers a concise guide to the macroeconomic and financial sector development of the transitional economies in Southeast Asia Includes supplementary material: sn.pub/extras Includes supplementary material: sn.pub/extras
Autor*in
Koji Kubo
Themen in »Dollarization and De-dollarization in Transitional Economies of Southeast Asia«
Cambodia Vietnam Lao Myanmar currency macroeconomics financial development banking developing countries
Stimmen zu »Dollarization and De-dollarization in Transitional Economies of Southeast Asia«
“This book explores the concepts of dollarization and de-dollarization in Cambodia ... With growing interest in the financial development of CLMV economies, this book proves to be an invaluable resource on the topic of dollarization in the region.” (Linda Low, Journal of Southeast Asian Economies, Vol. 35 (1), April, 2018)
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