Cambodian Dollarization: Its Policy Implications for LDCs’ Financial Development

By: Hidenobu Okuda

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Synopsis: 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 2000s. 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 digital payment platform (called Bakong) on dollarization, and policy measurements to curb dollarization. The Cambodian case shows that the 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.

Book Quality:: Publisher Quality
Book Size:: 224 Pages
ISBN-13:: 9781000955576
Related ISBNs:: 9781032489162, 9781003391418, 9781032489179
Publisher:: Taylor and Francis
Date of Addition:: 09/08/23
Copyrighted By:: selection and editorial matter, Hidenobu Okuda and Serey Chea
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: Nonfiction, Business and Finance
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.
Edited by:: Hidenobu Okuda
Edited by:: Serey Chea