IDEAS home Printed from https://ideas.repec.org/a/zbw/econso/300735.html
   My bibliography  Save this article

Coping with the crises in the periphery: The social and political costs of dollarization in Georgia

Author

Listed:
  • Eradze, Ia

Abstract

The US dollar has been an integral part of everyday life and political-economic order in Georgia for more than three decades. Thinking and planning in two currencies - the Georgian lari and the dollar - is common not only for local companies and the government but also for households. The dollar hegemony in Georgia is manifested in its high share in the currency composition of loans (45%) and deposits (51%), as well as in prices. From real estate companies to private tutors, prices are set and payments are made in US dollar, even though the only legal tender is the national currency, the lari.

Suggested Citation

  • Eradze, Ia, 2024. "Coping with the crises in the periphery: The social and political costs of dollarization in Georgia," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 25(3), pages 30-36.
    • Handle: RePEc:zbw:econso:300735
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/300735/1/1897888201.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:econso:300735. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/mpigfde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.