IMF paper offers recipe for ‘de-dollarisation’
Dollarisation contributes to macroeconomic instability, authors warn
Dollarisation rates in the Caucasus and central Asia are some of the highest in the world, creating an array of stability issues for the countries in the region, an International Monetary Fund working paper published on September 23 says.
How to de-dollarize financial systems in the Caucasus and central Asia? by Sami Ben Naceur, Amr Hosny and Gregory Hadjian, attributes the broad use of dollars to factors including asymmetric exchange rate policies, inadequate prudential regulations, financial
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