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1、US dollar has appeared in Cambodian economy in long way.The hysteresis (civil
war almost two decades from 1970-1989), large amount of US dollars inflows byUnited Nations Transitory Authority in Cambodia (UNTAC), we
2、ak administrative capacity, erosion of public confidence and economic liberalization pushed Cambodia rapid dollarization.In 2012, the ratio of foreign currency deposit (FCD) to broad money (M2) is 83.14％, which is the hi
3、ghest degree of dollarization in Asia.
This paper aims to investigate the effect of unofficial dollarization andits eterminants on economic growth in Cambodia.Base on the secondary data from 1993 to 2012 to analyz
4、e, the result suggests that increasing degree of dollarization has statistically significance to enhance real GDP.Also, this paper identified the costs and benefits of de facto dollarization persistence in Cambodia by li
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