01965cas a2200241 a 4500 AALejournalIMF007074 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455218936 1018-5941 BD-DhAAL BD-DhAAL Braiton, Nombulelo. Dollarization in Cambodia : Causes and Policy Implications / Nombulelo Braiton. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Over the past decade, Cambodia has become Asia's most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable. Somewhat paradoxically, growing dollarization in Cambodia has occurred against the backdrop of greater macroeconomic and political stability. The usual motive, currency substitution, does not appear to have been a factor. As the volume of dollars increased over the years, so has the volume of riel. A strong inward flow of dollars related to garments sector exports, tourism receipts, foreign direct investment, and aid, has benefitted the dollar based urban economy. The riel based rural economy has, however, lagged behind. Given international experience in de-dollarization, a carefully managed market based strategy, supported by a continued stable macroeconomic environment is essential for Cambodia's de-dollarization. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2011/049 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/049/001.2011.issue-049-en.xml IMF e-Library