Download or read book Cambodian Dollarization written by Hidenobu Okuda and published by Taylor & Francis. This book was released on 2023-09-07 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first study to provide a comprehensive picture of the reality and structure of dollarization in Cambodia, which has been achieving rapid economic and financial development since the end of 1998, when full piece reigned over the kingdom. It uses the micro-level data collected through nationwide surveys conducted jointly by the National Bank of Cambodia and JICA Ogata Sadako Research Institute in 2014 and 2017. By applying econometric analysis to collected data, the book analyses in detail the structures and mechanisms of dollarization in households, companies, and financial institutions. It also provides detailed information on the historical development of Cambodian dollarization, international comparisons with various cases of dollarization in countries around the world, and the impact of NBC's digital payment platforms (particularly Bakong) on the use of local and foeign currencies. The Cambodian case shows that financial development of low- and middle-income countries is promoted mutually by dollarization and that policies to separate the two are necessary to curb dollarization. This book will be of interest to students, researchers and policy-makers concerned with dollarization and economics in Southeast Asia.
Download or read book Dollarization in Cambodia written by Ms.Nombulelo Duma and published by International Monetary Fund. This book was released on 2011-03-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Policy in a Highly Dollarized Economy written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-30 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy implications. They carry out an econometric estimation of cash foreign currency circulation in Cambodia in order to gauge the degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia’s economic, financial, and structural background.
Download or read book Cambodian Dollarization written by Hidenobu Okuda and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is the first study to provide a comprehensive picture of the reality and structure of dollarization in Cambodia, which has been achieving rapid economic and financial development since the 2000s. It uses the micro-level data collected through nationwide surveys conducted jointly by the National Bank of Cambodia and JICA Ogata Sadako Research Institute in 2014 and 2016. By applying econometric analysis to collected data, the book analyses in detail the structures and mechanisms of dollarization in households, companies, and financial institutions. It also provides detailed information on the historical development of Cambodian dollarization, international comparisons with various cases of dollarization in countries around the world, and the impact of NBC's issuance of CBDC (called BACON) on dollarization, and policy measurements to curb dollarization. The Cambodian case shows that the financial development of low and middle income countries is promoted mutually by dollarization and that policies to separate the two are necessary to curb dollarization. This book will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia"--
Download or read book Macroeconomic Adjustment in a Highly Dollarized Economy written by Mario de Zamaróczy and published by . This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia written by Sopanha Sa and published by INTERNATIONAL MONETARY FUND. This book was released on 2002-05-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized since 1995. Against a background of severe institutional limitations, the authorities have implemented in recent years policies akin to those of a de facto currency board arrangement, in particular with respect to fiscal discipline. The paper concludes that this policy mix has been appropriate for Cambodia's circumstances.
Download or read book Dollarization and De dollarization in Transitional Economies of Southeast Asia written by Koji Kubo and published by Springer. This book was released on 2017-09-01 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more persistent than other types of dollarization in this region due to network externalities. The book illustrates that dollarization started in the underdeveloped financial system in these countries and that dollarization interacted with financial development, which is in contrast to dollarization in Latin America. This project extends the frontiers of empirical studies on dollarization. It will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia.
Download or read book Cambodia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2022-12-18 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: After suffering a recession during the pandemic, the Cambodian economy was on a steady recovery path, but is facing new pressures in 2022 that have buffeted external demand and increased inflation rates. The authorities have largely continued with crisis policy responses and have pressed on with policy reforms. The recovery is projected to continue, notwithstanding external stresses. Risks of public debt distress remain low. However, the level of private debt raises concerns about potential debt overhang.
Download or read book Cambodian Economy written by Hang Chuon Naron and published by Institute of Southeast Asian Studies. This book was released on 2011 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This monumental study, by arguably the most respected economic policymaker in the Cambodian government over the past decade, is a very welcome addition to the sparse literature on the Cambodian economy. It is destined to become the standard reference on economic development in post-conflict Cambodia. The volume's 25 chapters are grouped into nine sections: geography and population, the macroeconomic framework, the challenge of modernising agriculture, the challenge of industrialisation, services and infrastructure, human resource development, international economic relations and a conclusion. The content is encyclopaedic, with an immense amount of detail on practically every conceivable aspect of the country's development. Dr Naron is to be congratulated for fitting this admirable project into his extremely demanding 'daytime' job as the secretary of state in the Ministry of Economy and Finance, along with many other responsibilities. Among the many reasons to welcome its publication is its authentic Cambodian voice and perspective in a literature dominated by foreign researchers. A generation of scholars on the Cambodian economy and all those with an interest in the country are in his debt" (Asian-Pacific Economic Literature).
Download or read book Cambodia written by Mr.Olaf Unteroberdoerster and published by International Monetary Fund. This book was released on 2014-02-27 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia is poised to join a new generation of Asian frontier economies transitioning from low-income to emerging-market. But the path to greater and more shared prosperity requires a solid foundation of sound macroeconomic policies, enabling new growth drivers, tackling a highly dollarized and fragmented financial system, and creating more fiscal policy space to help meet Cambodia’s vast development needs. This book first takes a closer look at the key economic challenges Cambodia faces at the current juncture, highlighting Cambodia’s structural and financial constraints to growth as well as shifting vulnerabilities as Asia rebalances. It then lays out how a strategy of fiscal and financial sector policies, from creating a fairer and more buoyant tax system to modernizing financial instruments, markets and supervision, can help mobilize the resources and tools needed for one of Asia’s youngest and fastest-growing populations to enjoy more self-sustaining and inclusive growth.
Download or read book Cambodia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-02-07 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the global crisis, Cambodia enjoyed a decade of high growth and relative stability. However, as a result of the global crisis, output collapsed, and longstanding structural vulnerabilities have been exposed. Discussions focused on the dual policy challenge to safeguard macroeconomic stability and policy credibility, and to lay the foundations for broader-based and inclusive growth. It is recommended that the next Article IV Consultation take place on the standard 12-month cycle. IMF staff underscored the need for better and faster data for key economic statistics.
Download or read book China asean Relations Cooperation And Development Volume 2 written by Ying Liang and published by World Scientific. This book was released on 2019-10-30 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the second volume of Series on China-ASEAN Relations. This volume presents comprehensive and in-depth studies of China-ASEAN cooperation and development by Chinese scholars from the China-ASEAN Research Institute of Guangxi University and the China-ASEAN Collaborative Innovation Center for Regional Development. The book is divided into six parts. Part one is the general report including the introduction of China-ASEAN cooperation, achievements and problems in politics, economy, diplomacy, security, defense, maritime and cultural aspects. Part two studies the relation and cooperation between China and individual ASEAN nations, including the evaluation of each ASEAN nation's politics, economy, diplomacy, society and culture. Part three analyzes individual ASEAN country's response to the Belt and the Road Initiative and the implementation of the initiative. Part four and five study important issues of Southeast Asia, including South China Sea arbitration case initiated by the Philippines, the construction of the ASEAN Community, Myanmar's elections, the Bangkok explosion and Vietnam's accession to the TPP. Part six lists the major events and the data on China-ASEAN economic, trade and investment cooperation and the trade between China's provinces (autonomous regions) and ASEAN in 20 tables.
Download or read book Cambodia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-11-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights growth in the Cambodian economy of about 7 percent in 2015, supported by strong garment exports, real estate and construction activity, and a reduction in oil prices. Inflation unexpectedly picked up at the end of 2015, to 2.8 percent, owing to higher food prices following extreme weather, but it remains well contained. Private sector credit growth has averaged nearly 30 percent over the past three years, doubling the credit-to-GDP ratio to 62 percent by the end of 2015. The near-term outlook remains broadly favorable. Growth is projected to remain robust at about 7 percent for 2016–17, supported by strong garment exports and real estate and construction activity.
Download or read book Knowledge Transformation and Innovation in Global Society written by Hoa Van Thi Tran and published by Springer Nature. This book was released on with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book When There Was No Money written by Heather A. Clark and published by Springer Science & Business Media. This book was released on 2006-03-14 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges in development often seem insurmountable. They overwhelm - tions and the builders of their most basic institutions. I am often asked how dev- opment finance agencies can work together to meet this challenge. In reply I invite you to read a story about cooperation in re-building one of the most basic insti- tions of any society –– the banking system. KfW Bankengruppe places great emphasis on financial sector development. Our experience in our own country, and beyond our borders, shows that one of the first steps is building a banking system that fuels growth through investment in enterprises. Micro, small and medium enterprises are the backbone of many economies; they are also the wealth of the people and generate their hope in the future. We believe that the depth of the financial sector is related to economic growth; the growth and safety of deposits, the facility of payments, and the in- vation to develop new products and services that strengthen markets and promote investment. A strong banking system supports economic growth by attracting unproductive capital and injecting it into the economy, increasing the productivity of the country’s capital base and leveraging it by attracting outside capital.
Download or read book Cambodian Economic Review written by and published by . This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Sector Development Strategy 2011 2020 Cambodia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-08-01 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a rapidly growing commercial economy that requires a sound financial system to sustain growth, Cambodia is committed to the long-term development of the financial sector, channeling financial resources to productive investments, and managing the inherent risks to achieve sustainable economic growth over the long term and contribute to poverty reduction. Financial Sector Development Strategy 2011–2020 reflects Cambodia’s achievements to date, provides an assessment of current challenges and constraints to financial sector development, the long-term goals, and a prioritized set of action plans for the next decade. Said strategy will enable Cambodia’s financial sector to integrate into the regional financial system and support her long-term economic development agenda.
