Sentences with word «dollarization»
More fundamentally, we need to break from the self - imposed dollarization of our fiscal space.
nigeriapoliticsonline.com
(To read more, see Dollarization Explained.)
Industrial capitalism has passed through a series of stages of finance capitalism, from Pension - Fund capitalism via Globalized Dollarization and the Bubble Economy to the Negative Equity stage, foreclosure time, debt deflation, and austerity — and now what looks like debt peonage in Europe, above all for the PIIGS: Portugal, Ireland, Italy, Greece and Spain.
Although dollarization usually enables a country to be seen as a more stable place for investment, the drawback is that the country's central bank can no longer print money or make any sort of monetary policy.
Zimbabwean insurance industry is recovering following dollarization in 2009.
«In the last 20 years,» Fink says, «dollarization of the world was the trend.
But the «dollarization» of its economy has created a new set of problems.
«It represents a market solution to managing demand for cash balances due to dollarization.»
Indeed, we are seeing today the dollarization of debt in countries whose debt - service forces a chronic currency depreciation.
Legislators, educators, labor leaders and church groups in Colombia spoke repeatedly of the recolonization and the dollarization of Colombia.
However, the new directives are based on the rather wrong view that dollarization is responsible for depreciation of the cedi.International experience shows that regulations such as those issued by the Bank of Ghana tend to be short - lived in effect as market participants find ways to circumvent them.
Dollarization This event occurs when a country decides not to issue its own currency and adopts a foreign currency as its national currency.
An example of dollarization is El Salvador's use of the U.S. dollar.
Adopting the U.S. dollar as the primary legal tender is colloquially known as «dollarization» - the practice generally is called currency substitution.
Call it dollarization 2.0,» she said.