Monetary Policy in Dollarized Economies
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Adam Mr. Bennett, Eduardo Mr. Borensztein, Tomás Mr. Baliño | ISBN: | 9781452761084 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | March 15, 1999 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Adam Mr. Bennett, Eduardo Mr. Borensztein, Tomás Mr. Baliño |
| ISBN: | 9781452761084 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | March 15, 1999 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
"Dollarization" - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy issues that arise-and various monetary strategies that may be pursued- when the monetary sector is dollarized, and it considers the implications that dollarization has for the design of IMF programs.
"Dollarization" - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy issues that arise-and various monetary strategies that may be pursued- when the monetary sector is dollarized, and it considers the implications that dollarization has for the design of IMF programs.
