Monetary Policy in Dollarized Economies
- Mr.Adam Bennett
- Mr.Eduardo Borensztein
- Mr.Tomás J. T. Baliño
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Monetary Policy in Dollarized Economies is written by Mr.Adam Bennett and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1557757577 (ISBN 10) and 9781557757579 (ISBN 13).
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.
