Dollarization and Banking Sector

As globalization has spread across borders, and
financial markets have opened up in many closed
economies, a new phenomenon has taken hold: More and
more developing country residents began to hold their
savings in other countries currencies as opposed to
their own, a phenomenon now known as dollarization.
It is not only deposits but also credit that gets
dollarized in these economies which further
complicates financial intermediation in these
economies and puts additional risks on the banks.
This book provides recent research done on the
effects of financial deposit dollarization on the
performance of commercial and savings banks in
dollarized economies. It sheds light on some of the
questions raised recently on this subject by many
leading economists. The analysis offered is not only
for academics but also practitioners in the field,
bankers who do business in such economies and want to
get a complete understanding of the risks involved in
these systems.

Autorentext
Emre Ozsoz received his PhD in Economics from Fordham University. He currently teaches at FIT (SUNY) in New York City. Dr. Ozsoz works as a consultant to financial industry and publishes extensively in the areas of financial dollarization and its effects on transition economies.

Klappentext
As globalization has spread across borders, and financial markets have opened up in many closed economies, a new phenomenon has taken hold: More and more developing country residents began to hold their savings in other countries' currencies as opposed to their own, a phenomenon now known as "dollarization." It is not only deposits but also credit that gets dollarized in these economies which further complicates financial intermediation in these economies and puts additional risks on the banks. This book provides recent research done on the effects of financial deposit dollarization on the performance of commercial and savings banks in dollarized economies. It sheds light on some of the questions raised recently on this subject by many leading economists. The analysis offered is not only for academics but also practitioners in the field, bankers who do business in such economies and want to get a complete understanding of the risks involved in these systems.