Factors behind Foreign Currency Holding by Household in Cambodia

Reza Siregar and Narith Chan

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: Cambodia has never officially adopted the U.S. dollar or other foreign currency as means for transaction, unit account or store of value. Yet, over the past decade, the country has become one of the most “dollarized” economies in the world. The objective of this study is to provide some insights into motives behind the usage of foreign currencies by domestic households. While early studies have been constrained by their reliance on official macroeconomic and financial data, especially from the banking sector, our analyses will largely be based on a unique database generated from a survey conducted on 1500 households across rural and urban areas of 17 provinces (out of total 24 provinces) in the country.

Keywords: Foreign Currency in Circulation; Dollarization; Household; Cambodia (search for similar items in EconPapers)
JEL-codes: E50 G21 G28 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2014-09
New Economics Papers: this item is included in nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cama.crawford.anu.edu.au/sites/default/fil ... 014_siregar_chan.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2014-58

Access Statistics for this paper

More papers in CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Cama Admin ().