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Cambodian Dollarization: Its Policy Implications for LDCs’ Financial Development

This book is the first study to provide a comprehensive picture of the reality and structure of dollarization in Cambodia, which has been achieving rapid economic and financial development since the end of 1998, when full piece reigned over the kingdom. It uses the micro-level data collected through nationwide surveys conducted jointly by the National Bank of Cambodia and JICA Ogata Sadako Research Institute in 2014 and 2017. By applying econometric analysis to collected data, the book analyses in detail the structures and mechanisms of dollarization in households, companies, and financial institutions. It also provides detailed information on the historical development of Cambodian dollarization, international comparisons with various cases of dollarization in countries around the world, and the impact of NBC's issuance of CBDC (particularly Bakong) on the use of local and foeign currencies. The Cambodian case shows that financial development of low- and middle-income countries is promoted mutually by dollarization and that policies to separate the two are necessary to curb dollarization. This book will be of interest to students, researchers and policy-makers concerned with dollarization and economics in Southeast Asia.

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Detail Information
Series Title
-
Call Number
-
Publisher
: Taylor & Francis.,
Collation
-
Language
English
ISBN/ISSN
9781000955552
Classification
NONE
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
-
Subject(s)
Cambodian
Central Bank
Digital Currency
Dollarization
Financial System
Specific Detail Info
-
Statement of Responsibility
Other Information
Cataloger
agus
Source
-
Validator
imron
Digital Object Identifier (DOI)
https://doi.org/10.4324/9781003391418
Journal Volume
-
Journal Issue
-
Subtitle
-
Parallel Title
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No other version available

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