Monetary Policy in Dollarized Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monetary Policy in Dollarized Economies write by Mr.Adam Bennett. This book was released on 1999-03-15. Monetary Policy in Dollarized Economies available in PDF, EPUB and Kindle. 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.
Economic Policy in a Highly Dollarized Economy
Economic Policy in a Highly Dollarized Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Policy in a Highly Dollarized Economy write by International Monetary Fund. This book was released on 2003-09-30. Economic Policy in a Highly Dollarized Economy available in PDF, EPUB and Kindle. This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy implications. They carry out an econometric estimation of cash foreign currency circulation in Cambodia in order to gauge the degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia’s economic, financial, and structural background.
Financial Dollarization
Financial Dollarization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Dollarization write by A. Armas. This book was released on 2006-07-14. Financial Dollarization available in PDF, EPUB and Kindle. This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.
The Dollarization Debate
The Dollarization Debate - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Dollarization Debate write by Dominick Salvatore. This book was released on 2003. The Dollarization Debate available in PDF, EPUB and Kindle. This book takes a global approach to one of today's most controversial topics in business: Dollarization. With the collapse of the former Soviet Union, and the formation of the Euro in Europe, many countries are debating whether or not a common currency is in their best interest. This intriguing volume brings together the leading participants in the current dollarization debates.
The Monetary Transmission in Dollarized and Non-Dollarized Economies
The Monetary Transmission in Dollarized and Non-Dollarized Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Monetary Transmission in Dollarized and Non-Dollarized Economies write by Mr.Santiago Acosta Ormaechea. This book was released on 2011-04-01. The Monetary Transmission in Dollarized and Non-Dollarized Economies available in PDF, EPUB and Kindle. The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and Uruguay. It is shown that the traditional interest rate channel is effective in Chile and New Zealand. For Peru and Uruguay, the exchange rate channel is instead more relevant in the transmission of monetary policy. This latter result follows from the limited impact of the policy rate in curbing inflationary pressures in these two countries, in combination with the fact that they have a relatively large and persistent exchange rate pass through. Finally, it is shown that the on-going de-dollarization process of Peru and Uruguay has somewhat strengthened their monetary transmission through the interest rate channel.
