Work detail

Drivers of financial de-dollarisation in CCA region.

Author: Mgr. Ana Zviadadze
Year: 2018 - summer
Leaders: PhDr. Jaromír Baxa Ph.D.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 74
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/188344/
Abstract: 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.

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