However, its influence takes on a much more pervasive form for emerging market economies, whose dollarised financial system has left them burdened with an unhealthy exposure to US policy decisions. In ...

Kenya risks turning into a partially dollarised economy as more traders and corporates shun the troubled shilling in favour of the greenback for day-to-day transactions, experts have warned.

Excluded from this analysis are Brazil, Colombia, and Venezuela, which do not allow accounts in foreign currency, and Ecuador, El Salvador, and Panama, which are fully dollarized economies. Foreign ...