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Monetary Policy in Dollarized Economies (Occasional Paper (International Monetary Fund))

Adam Bennett, Eduardo Borensztein, Tomás J. T. Baliño




[PDF.vx26] Monetary Policy in Dollarized Economies (Occasional Paper (International Monetary Fund))

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 | #1874205 in eBooks |  1999-03-15 |  1999-03-15 | File type: PDF

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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 o...

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