TY  - BOOK
AU  - Eradze,Ia
TI  - Unravelling the persistence of dollarization: the case of Georgia 
T2  - Europa economic perspectives
SN  - 9781003240174
U1  - 332.4/1094758 23/eng/20220716
PY  - 2023///
CY  - Abingdon, Oxon, New York, NY
PB  - Routledge
KW  - Dollarization
KW  - Georgia (Republic)
KW  - Monetary policy
KW  - BUSINESS & ECONOMICS / General
KW  - bisacsh
KW  - BUSINESS & ECONOMICS / Economic Conditions
KW  - BUSINESS & ECONOMICS / Development / Economic Development
N2  - "This volume engages with the roots, dimensions and implications of foreign currency domination in states with a national currency. Referred to as unofficial dollarization in literature, this is a worldwide phenomenon among developing countries and has a long history. This monograph provides a political economic analysis of dollarization in Georgia and is structured around three themes: the genesis of dollarization (1991-2003), the persistence of dollarization (2003-12) and the politicization of dollarization (2012-19). The case of Georgia is especially representative of the post-socialist transition states, but also has wider applicability. A high level of dollarization is a significant barrier to economic growth, macroeconomic and political stability, functional monetary policy, as well as social welfare. The Covid-19 crisis and the increasing debt of developing countries in foreign currency exacerbate dollarization-related vulnerabilities for these economies. This book will be of interest to postgraduate students in global/comparative political economy, development economics or transition economies, researchers in monetary sovereignty, central banking, exchange rate policies, currency hierarchy, money, financialization, and policy makers in dollarized countries and global institutions"--
UR  - https://www.taylorfrancis.com/books/9781003240174
ER  -