Disintermediation and Dollarization: Difference between pages
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imported>Doug Williamson (Add alternative name.) |
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1. ''Currency - emerging markets - US dollar.'' | |||
A process in which a country starts to accept a foreign currency for certain purposes, in parallel with its domestic currency. | |||
Most commonly an emerging market country might start to accept a more established foreign currency, for example the US dollar. | |||
This process is also sometimes known as ''currency substitution''. | |||
A small number of countries have discontinued their domestic currencies and adopted the foreign currency in full. | |||
For example, Panama's currency is the US dollar. | |||
2. ''Financial modelling - spreadsheets - construction - cell references.'' | |||
In financial modelling with spreadsheets, dollarized - or absolute - refers to cell references when they're copied around the spreadsheet. | |||
Fully absolute cell references - for example '''$A$1''' in Excel - will stay as $A$1 wherever we copy them within the spreadsheet. | |||
This kind of cell reference is sometimes also known as an anchored - or fixed - reference. | |||
Contrasted with a standard relative cell reference - for example '''A1.''' | |||
Relative cell references are the default. | |||
==See also== | |||
*[[Currency]] | |||
*[[Currency substitution]] | |||
*[[Default]] | |||
*[[Dollar ]] | |||
*[[Emerging market]] | |||
* [[Excel]] | |||
* [[Financial modelling]] | |||
* [[Relative]] | |||
*[[Sand Dollar]] | |||
* [[Spreadsheet]] | |||
*[[United States]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
[[Category:Technology]] | |||
[[Category:Trade_finance]] |
Latest revision as of 00:26, 27 December 2022
1. Currency - emerging markets - US dollar.
A process in which a country starts to accept a foreign currency for certain purposes, in parallel with its domestic currency.
Most commonly an emerging market country might start to accept a more established foreign currency, for example the US dollar.
This process is also sometimes known as currency substitution.
A small number of countries have discontinued their domestic currencies and adopted the foreign currency in full.
For example, Panama's currency is the US dollar.
2. Financial modelling - spreadsheets - construction - cell references.
In financial modelling with spreadsheets, dollarized - or absolute - refers to cell references when they're copied around the spreadsheet.
Fully absolute cell references - for example $A$1 in Excel - will stay as $A$1 wherever we copy them within the spreadsheet.
This kind of cell reference is sometimes also known as an anchored - or fixed - reference.
Contrasted with a standard relative cell reference - for example A1.
Relative cell references are the default.