{"product_id":"understanding-dollarization-emre-ozsoz-9783110442182","title":"Understanding Dollarization: Causes and Impact of Partial Dollarization on Developing and Emerging Markets","description":"\u003cp\u003eA very commonly observed phenomenon in developing and emerging market economies is the use of another country's currency (whether the US dollar or another currency) in lieu or in addition to the local currency. The most common type of this financial phenomenon is partial (de facto) dollarization where foreign currencies are used side by side with local currency for saving and borrowing purposes in addition to serving as medium of exchange.\u003c\/p\u003e \u003cp\u003e \u003cbr\u003eGovernments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency. Yet the existence of multiple currencies on banks' balance sheets on both the asset and liability side poses risks to the health and stability of the banking system.\u003c\/p\u003e \u003cp\u003e \u003cbr\u003eThis book evaluates the practical aspects of partial dollarization in countries such as Turkey, South Korea, Peru, and Cambodia among others. Starting with the origins of the phenomenon, the impact on banking systems and financial depth of the credit markets are discussed along with risks to the banking systems. Challenges faced by Central Banks and banking regulators are evaluated using recent country studies.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Emre Ozsoz, Erick W. Rengifo\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3110442183\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783110442182\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Walter de Gruyter\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/24\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 139\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.94lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.61h x 6.69w x 0.38d","brand":"Emre Ozsoz","offers":[{"title":"Hardcover","offer_id":43940754751743,"sku":"9783110442182","price":177.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_7c706d07-c007-4ccb-9016-7a393f299f6c.jpg?v=1681448999","url":"https:\/\/www.whiterainbookhouse.com\/products\/understanding-dollarization-emre-ozsoz-9783110442182","provider":"WR Book House","version":"1.0","type":"link"}