Sentences with phrase «dollarization of»

Not exact matches

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.

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.

An example of dollarization is El Salvador's use of the U.S. dollar.