Dollarization in emerging markets: evidence from Georgia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F12%3A00380574" target="_blank" >RIV/00216208:11640/12:00380574 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.2753/REE1540-496X480304" target="_blank" >http://dx.doi.org/10.2753/REE1540-496X480304</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2753/REE1540-496X480304" target="_blank" >10.2753/REE1540-496X480304</a>

Result language

angličtina

Original language name

Dollarization in emerging markets: evidence from Georgia

Original language description

This paper studies dollarization using the implications of three versions of a money-in-utility function model. These versions accentuate the roles of the exchange rate, the interest rates on foreign and domestic currencies time deposits, and domestic and foreign inflation. Monthly Georgian data for the period 1996?2007 are employed in the analysis. Findings indicate that the U.S. dollar is a strong substitute for the domestic currency and has a significant share in domestic liquidity services. The historical dollarization is well explained by the exchange rate model.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2012

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Emerging Markets Finance and Trade

ISSN

1540-496X

e-ISSN

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Volume of the periodical

48

Issue of the periodical within the volume

3

Country of publishing house

US - UNITED STATES

Number of pages

15

Pages from-to

70-84

UT code for WoS article

000309269200005

EID of the result in the Scopus database

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