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.