Monetary Policy in Dollarized Economies by Adam Bennett

Choose a shelf or add to a new one

Recommend and receive 50% of the profit on any sale you generate

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