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 ...
[PDF.hx68] Monetary Policy in Dollarized Economies (Occasional Paper (International Monetary Fund)) Rating: 3.98 (418 Votes)
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