{"product_id":"unravelling-the-persistence-of-dollarization","title":"Unravelling The Persistence of Dollarization","description":"\u003cp\u003eThis volume engages with the roots, dimensions, and implications of foreign currency domination in states with a national currency. Referred to as unofficial dollarization in literature, this is a worldwide phenomenon among developing countries and has a long history.\u003c\/p\u003e\u003cp\u003eThis monograph provides a political economic analysis of dollarization in Georgia and is structured around three themes: the genesis of dollarization (1991–2003), the persistence of dollarization (2003–12) and the politicization of dollarization (2012–19). The case of Georgia is especially representative of the post-socialist transition states, but also has wider applicability.\u003c\/p\u003e\u003cp\u003eA high level of dollarization is a significant barrier to economic growth, macroeconomic and political stability, functional monetary policy, as well as social welfare. The Covid-19 crisis and the increasing debt of developing countries in foreign currency exacerbate dollarization-related vulnerabilities for these economies.\u003c\/p\u003e\u003cp\u003eThis book will be of interest to postgraduate students in global\/comparative political economy, development economics or transition economies, researchers in monetary sovereignty, central banking, exchange rate policies, currency hierarchy, money, financialization, and policy makers in dollarized countries and global institutions.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54247669268824,"sku":"9781032146157","price":51.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781032146157_f51de888-ce9b-4786-b7f5-70431612747e.jpg?v=1768585511","url":"https:\/\/agendabookshop.com\/products\/unravelling-the-persistence-of-dollarization","provider":"Agenda Bookshop","version":"1.0","type":"link"}