Front Matter

Front Matter Page

African Department

Financial Dollarization of Households and Firms: Does It Differ?

Prepared by Juan-Sebastian Corrales and Patrick A. Imam 1

Authorized for distribution by Gene Leon

Contents

  • I. Introduction

  • II. Literature Review

  • III. Dynamics of Households and Firms’ Dollarization

  • IV. Determinants of Households and Firms’ Dollarization

  • V. Contributions to dollarization

  • VI. Conclusions and policy implications

  • FIGURES

  • 1. Private Sector Financial Dollarization

  • 2. Correlation between Loans and Deposits Dollarization. Average 2001-2016

  • 3. Correlations: Firms Dollarization and Macroeconomic Variables. Avg. 2001-16

  • 4. Correlations: Households Dollarization and Macroeconomic Variables. Avg.

  • 5. Firms Dollarization. Pooled OLS. Contribution by Determinants

  • 6. Households Dollarization. Pooled OLS. Contribution by Determinants

  • TABLES

  • 1. Financial Sector: Loans and Deposits by Sector for all countries

  • 2. Financial Dollarization by Level of Income*. 2001-2016

  • 3. Deposits Dollarization: Firms

  • 4. Loans Dollarization: Firms

  • 5. Deposits Dollarization: Households

  • 6. Loans Dollarization: Households

  • 7. Deposits Dollarization: Firms. High versus Low Income Countries

  • 8. Deposits Dollarization: Households. High versus Low Income Countries

  • 9. Loans Dollarization: Firms. High versus Low Income Countries

  • 10. Loan Dollarization: Households. High versus Low Income Countries

  • APPENDIX

  • Appendix A

  • APPENDIX TABLES

  • A1.a. Effective Regression Sample for Households Deposits Dollarization

  • A1.b. Effective Regression Sample for Households Loans Dollarization

  • A1.c. Effective Regression Sample for Firms Deposits Dollarization

  • A1.d. Effective Regression Sample for Firms Loans Dollarization

  • A2. Sources of Variables

  • A3. Summary Statistics of Variables

  • A4. Independent Variables Correlation Matrix

  • A5. Collinearity Analysis: Variance Inflation Factors and Condition Number

  • REFERENCES

  • References

Financial Dollarization of Households and Firms: Does It Differ?
Author: Mr. Juan S Corrales and Patrick A. Imam