Economic Policy in a Highly Dollarized Economy The Case of Cambodia

This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollari...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:Occasional Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Economic Policy in a Highly Dollarized Economy  |b The Case of Cambodia 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2003 
300 |a 40 pages 
651 4 |a Cambodia 
653 |a Depository Institutions 
653 |a Government and the Monetary System 
653 |a Inflation 
653 |a Commercial banks 
653 |a Payment Systems 
653 |a Banks 
653 |a Dollarization 
653 |a Banks and banking 
653 |a Currency; Foreign exchange 
653 |a Monetary economics 
653 |a Regimes 
653 |a Financial institutions 
653 |a Financial services 
653 |a Deflation 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Mortgages 
653 |a Budgeting 
653 |a Money 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a Standards 
653 |a Banks and Banking 
653 |a Currencies 
653 |a Monetary Systems 
653 |a Prices 
653 |a Macroeconomics 
653 |a Monetary policy 
653 |a Banking 
653 |a Budgeting & financial management 
653 |a Bank deposits 
653 |a Money and Monetary Policy 
653 |a Foreign exchange 
653 |a Currency boards 
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490 0 |a Occasional Papers 
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520 |a This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy implications. They carry out an econometric estimation of cash foreign currency circulation in Cambodia in order to gauge the degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia’s economic, financial, and structural background