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Monetary Policy in Dollarized Economies

Mr.Adam BennettMr.Eduardo BorenszteinMr.Tomás J. T. Baliño

出版	International Monetary Fund, 1999-03-15
主題	Business & Economics / Money & Monetary PolicyBusiness & Economics / Banks & BankingBusiness & Economics / Foreign Exchange
ISBN	15577575779781557757579
URL	http://books.google.com.hk/books?id=26mqLDQWkw4C&hl=&source=gbs_api
EBook	SAMPLE

註釋

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.