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Monetary Policy in Dollarized Economies
     

Monetary Policy in Dollarized Economies

by Mr. Adam Bennett
 

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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

Overview

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.

Product Details

ISBN-13:
9781452761084
Publisher:
INTERNATIONAL MONETARY FUND
Publication date:
03/15/1999
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
2 MB

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