Dollarization in Cambodia

Released on by Ms.Nombulelo Duma
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  • Dollarization in Cambodia Book Detail

  • Author : Ms.Nombulelo Duma
  • Release Date : 2011-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 27
  • ISBN 13 : 1455218936
  • File Size : 99,99 MB
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Dollarization in Cambodia by Ms.Nombulelo Duma PDF Summary

Book Description: Over the past decade, Cambodia has become Asia’s most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable. Somewhat paradoxically, growing dollarization in Cambodia has occurred against the backdrop of greater macroeconomic and political stability. The usual motive, currency substitution, does not appear to have been a factor. As the volume of dollars increased over the years, so has the volume of riel. A strong inward flow of dollars related to garments sector exports, tourism receipts, foreign direct investment, and aid, has benefitted the dollar based urban economy. The riel based rural economy has, however, lagged behind. Given international experience in de-dollarization, a carefully managed market based strategy, supported by a continued stable macroeconomic environment is essential for Cambodia’s de-dollarization.

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Dollarization in Cambodia

Dollarization in Cambodia

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Over the past decade, Cambodia has become Asia’s most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been

Cambodian Dollarization

Cambodian Dollarization

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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 econom

Cambodian Dollarization

Cambodian Dollarization

File Size : 5,5 MB
Total View : 561 Views
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"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 econo