Monetary Policy in Dollarized Economies
Author | : Mr.Adam Bennett |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 1999-03-15 |
ISBN-10 | : 1557757577 |
ISBN-13 | : 9781557757579 |
Rating | : 4/5 (579 Downloads) |
Book Synopsis Monetary Policy in Dollarized Economies by : Mr.Adam Bennett
Download or read book Monetary Policy in Dollarized Economies written by Mr.Adam Bennett and published by International Monetary Fund. This book was released on 1999-03-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.