Dollarization in Sub-Saharan Africa: Experiences and Lessons, Mauro Mecagni, Juan S. Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A. Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Mohee

Автор: Koji Kubo
Название: Dollarization and De-dollarization in Transitional Economies of Southeast Asia
ISBN: 3319577670 ISBN-13(EAN): 9783319577678
Издательство: Springer
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Цена: 121110.00 T
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Описание: 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.

Автор: Mauro Mecagni, Juan S. Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A. Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Mohee
Название: Dollarization in Sub-Saharan Africa
ISBN: 1513523198 ISBN-13(EAN): 9781513523194
Издательство: Mare Nostrum (Eurospan)
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Цена: 23100.00 T
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Описание: Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits—although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analyzing these issues with specific reference to the SSA region on the basis of the evidence for the past decade.

Автор: A. Armas; A. Ize; E. Levy-Yeyati
Название: Financial Dollarization
ISBN: 1349541648 ISBN-13(EAN): 9781349541645
Издательство: Springer
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Цена: 83850.00 T
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Описание: This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.

Автор: Emre Ozsoz, Erick W. Rengifo
Название: Understanding Dollarization: Causes and Impact of Partial Dollarization on Developing and Emerging Markets
ISBN: 3110442183 ISBN-13(EAN): 9783110442182
Издательство: Walter de Gruyter
Цена: 123910.00 T
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Описание: A 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. Governments 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. This 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.

Автор: Eberhard Anton, Gratwick Katharine, Morella Elvira
Название: Independent Power Projects in Sub-Saharan Africa: Lessons from Five Key Countries
ISBN: 1464808007 ISBN-13(EAN): 9781464808005
Издательство: Mare Nostrum (Eurospan)
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Цена: 37620.00 T
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Описание: Inadequate electricity services pose a major impediment to reducing extreme poverty and boosting shared prosperity in Sub-Saharan Africa. Simply put, Africa does not have enough power. Despite the abundant low-carbon and low-cost energy resources available to Sub-Saharan Africa, the region s entire installed electricity capacity, at a little over 80 gigawatts (GW), is equivalent to that of the Republic of Korea. Looking ahead, Sub-Saharan Africa will need to ramp up its power generation capacity substantially. The investment needed to meet this goal largely exceeds African countries already stretched public finances. Increasing private investment is critical to help expand and improve electricity supply. Historically, most private sector finance has been channeled through privately financed independent power projects (IPPs), supported by nonrecourse or limited recourse loans, with long-term power purchase agreements with the state utility or another off-taker. Between 1990 and 2014, IPPs have spread across Sub-Saharan Africa and are now present in 18 countries. However, private investment could be much greater and less concentrated. The objective of Independent Power Projects in Sub-Saharan Africa: Lessons from Five Key Countries is to evaluate the experience of IPPs and identify lessons that can help African countries attract more and better private investment. The analysis is based primarily on in-depth case studies carried out in five countries Kenya, Nigeria, South Africa, Tanzania, and Uganda that have the most extensive experience with IPPs. At the core of this analysis is a reflection on whether IPPs have in fact benefited Sub-Saharan Africa, and how they might be improved.