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Adam Mr. Bennett
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Eduardo Mr. Borensztein
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Tomás Mr. Baliño
pubblicato da
INTERNATIONAL MONETARY FUND
"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.
Scrivi una recensione per "Monetary Policy in Dollarized Economies"
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