Lao People’s Democratic Republic: Selected Issues and Statistical Appendix
March 18, 2002
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This Selected Issues paper examines the main causes for the surge in dollarization in the Lao People’s Democratic Republic (Lao PDR). It explores various strategies that may be adopted to maintain low inflation and thus, indirectly, encourage the use of the national currency. The paper highlights that foreign currencies now account for the largest component of the domestic money supply. This situation, although encouraging in a country with poorly developed financial institutions, poses several challenges for the authorities.
Subject: Credit, Currencies, Dollarization, Imports, International trade, Monetary policy, Money, Tariffs, Taxes
Keywords: Asia and Pacific, BOL-run credit information bureau, CR, Credit, Currencies, Dollarization, East Asia, foreign currency, Global, import, import-export equilibration plan, Imports, ISCR, Lao banking sector, Lao P.D.R. authorities, nontariff barrier, SOCB credit, SOCBs balance sheets, South Asia, Tariffs
Pages:
58
Volume:
2002
DOI:
Issue:
061
Series:
Country Report No. 2002/061
Stock No:
1LAOEA0012002
ISBN:
9781451822434
ISSN:
1934-7685
