dollarization

Description This is a PPT explaining Capital Account Convertibility. Capital Account Convertibility Introduction ?A country’s balance of payments is the set of accounts recording flows of value between a nation and rest of the world during a period of time. ?It comprises of current account...

Dollarization occurs when the inhabitants of a country use foreign currency in parallel to or instead of the domestic currency. The term is not only applied to usage of the United States dollar, but generally to the use of any foreign currency as the national currency. Official dollarization...