Dollarization and De-dollarization in Transitional Economies of Southeast Asia 1st ed. 2017 Edition

Ebook Details

Authors

Koji Kubo

Year 2017
Pages 243
Publisher Palgrave Macmillan
Language en
ISBN 9783319577678
File Size 2.57 MB
File Format PDF
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Ebook Description

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.