Monetary Policy in Dollarized Economies by Adam Bennett

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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 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.

Publisher: International Monetary Fund ISBN: 9781452761084 Pages: 50