Unravelling The Persistence of Dollarization: The Case of Georgia (Europa Economic Perspectives)

Synopsis

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.

Copyright:

2023

Book Details

Book Quality:

Publisher Quality

Book Size:

240 Pages

ISBN-13:

9781000719031

Related ISBNs:

9781032146157, 9781003240174, 9781032145846

Publisher:

Taylor and Francis

Date of Addition:

09/22/22

Copyrighted By:

Ia Eradze

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Reference, Business and Finance, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.