02124cas a2200325 a 4500 AALejournalIMF023024 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400216381 1018-5941 BD-DhAAL BD-DhAAL Cakir, Selim. Reducing Dollarization in the Caucasus and Central Asia / Selim Cakir, Maria Atamanchuk, Mazin Al Riyami, Nia Sharashidze. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (39 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 Declining but still high dollarization rates in the Caucasus and Central Asia (CCA) region affect macroeconomic stability, monetary policy transmission, and financial sector development. Although several studies have investigated the dynamics of dollarization in the CCA, the relative roles of macrofinancial policies and financial market development in the de-dollarization process have not yet been assessed empirically. This paper takes stock of de-dollarization efforts and explores the short-term drivers of financial de-dollarization in the CCA region. It highlights that there remains significant scope to further reduce dollarization through continued progress in strengthening macroeconomic policy frameworks and in developing markets and institutions. Mode of access: Internet Central Banks and Their Policies imf Foreign Exchange imf International Finance imf Monetary Policy imf Al Riyami, Mazin. Atamanchuk, Maria. Sharashidze, Nia. IMF Working Papers; Working Paper ; No. 2022/154 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=154 IMF e-Library