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Monetary Policy in Dollarized Economies

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 th...

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Bibliographic Details
Main Author: Bennett, Adam
Other Authors: Baliño, Tomás, Borensztein, Eduardo
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:Occasional Papers
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Inflation
Government And The Monetary System
Payment Systems
Commercial Banks
Banks
Dollarization
Banks And Banking
Reserve Requirements
Regimes
Monetary Economics
Financial Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Micro Finance Institutions
Currency
Mortgages
Money
Money Supply
Foreign Exchange
Standards
Monetary Base
Currencies
Monetary Systems
Macroeconomics
Monetary Policy
Banking
Financial Risk Management
Money And Monetary Policy
Peru
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:50 pages
ISBN:9781557757579

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