the process of converting a country's currency to US dollars
dollarization in American English
(ˌdɑlərəˈzeiʃən)
noun
the conversion of a country's currency system into U.S. dollars
Word origin
[1985–90]This word is first recorded in the period 1985–90. Other words that entered Englishat around the same time include: Human Genome Project, antisense, cohousing, neural network, smiley
Examples of 'dollarization' in a sentence
dollarization
Forms of financial dollarization have been considered as: deposit, credit and monetary.
Krasnova Iryna V. , Kot Viktoriya V. 2017, 'Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine',Bìznes Informhttp://www.business-inform.net/export_pdf/business-inform-2017-7_0-pages-196_203.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
We find that ambiguity explains portfolio dollarization.
Eduardo Ariel Corso 2014, 'Ambiguity, ambiguity aversion and stores of value: The case of Argentina', Cogent Economics & Financehttp://dx.doi.org/10.1080/23322039.2014.947001. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The main types and forms of dollarization have been allocated.
Krasnova Iryna V. , Kot Viktoriya V. 2017, 'Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine',Bìznes Informhttp://www.business-inform.net/export_pdf/business-inform-2017-7_0-pages-196_203.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The determinants that potentially impact the dollarization level have been allocated.
Krasnova Iryna V. , Kot Viktoriya V. 2017, 'Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine',Bìznes Informhttp://www.business-inform.net/export_pdf/business-inform-2017-7_0-pages-196_203.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
A set of macroeconomic, market and incentive de-dollarization activities have been proposed.
Krasnova Iryna V. , Kot Viktoriya V. 2017, 'Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine',Bìznes Informhttp://www.business-inform.net/export_pdf/business-inform-2017-7_0-pages-196_203.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The logical consequence was the high degree of dollarization.
Popov Đorđe 2012, 'The impact of currency clause and exchange rate on Serbian economy', Zbornik Radova: Pravni Fakultet u Novom Saduhttp://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2012/0550-21791203019P.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
Serbia has applied inflation targeting against the backdrop of financial dollarization for almost a decade.
Fabris Nikola, Vujanović Nina 2017, 'The Impact of Financial Dollarization on Inflation Targeting: Empirical Evidence fromSerbia', Journal of Central Banking Theory and Practicehttp://www.degruyter.com/view/j/jcbtp.2017.6.issue-2/jcbtp-2017-0011/jcbtp-2017-0011.xml?format=INT. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
We recognize this phenomenon as the dollarization effect.
Goux François Jean, Cordahi Charbel 2007, 'The international transmission of monetary shocks in a dollarized economy: The caseof USA and Lebanon', Panoeconomicushttp://www.doiserbia.nb.rs/img/doi/1452-595X/2007/1452-595X0703303G.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)