Drivers of financial de-dollarisation in CCA region.
| Autor: | Mgr. Ana Zviadadze |
|---|---|
| Rok: | 2018 - letní |
| Vedoucí: | PhDr. Jaromír Baxa Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová Finance, finanční trhy a bankovnictví |
| Jazyk: | Anglicky |
| Stránky: | 74 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/188344/ |
| Abstrakt: | After the dissolution of the Soviet Union, a number of post-soviet countries are facing a high level of financial dollarisation. This thesis aims to estimate the determinants of both deposit and loan de-dollarisation using panel vector autoregression model. The study covers five countries of Caucasus and Central Asia region within the time frame of 2006:1 to 2017:1. Our findings suggest that deposit de-dollarisation is driven by exchange rate depreciation. On the other hand, a decrease in deposit dollarisation contributes to loan de-dollarisation. We also find out that effective policies toward macroeconomic stability with the development of the financial system can help to a decrease financial dollarisation level. |
