{"product_id":"9781032145846","title":"Unravelling The Persistence of Dollarization","description":"This 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.This 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.A 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.This 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.","brand":"Ia Eradze","offers":[{"title":"Default Title","offer_id":47808289374526,"sku":"9781032145846","price":7574.85,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9781032145846_dc7fda07-7be5-4dbf-bf50-587dca828dc6.jpg?v=1707398647","url":"https:\/\/exclusivebooks.co.za\/products\/9781032145846","provider":"Exclusive Books Online","version":"1.0","type":"link"}