Financial Stability in Dollarized Economies

By Anne Marie Gulde, David S. Hoelscher, Alain Ize, Dewitt D Marston, Gianni De Nicolo

June 15, 2004

Preview Citation

Format: Chicago

Anne Marie Gulde, David S. Hoelscher, Alain Ize, Dewitt D Marston, and Gianni De Nicolo. Financial Stability in Dollarized Economies, (USA: International Monetary Fund, 2004) accessed June 13, 2025

Summary

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The study’s conclusions are the basis of an ongoing policy dialogue with IMF member countries, standard-setters in the financial area, and academia. The paper is part of the policy development work conducted by the IMF’s Monetary and Financial Systems Department.

Subject: Bank deposits, Banking, Currencies, Dollarization, Exchange rates, Financial services, Foreign exchange, Monetary policy, Money, Real exchange rates

Keywords: Adjustment cost, Bank deposits, Central America, Currencies, Currency, Deposit, Dollar, Dollar intermediation, Dollarization, Dollarized economy, Exchange rates, Market reform, Middle East, OP, Real exchange rates, South America, Systems bank

Publication Details

Pages:

35
Volume:

---
DOI:

---
Issue:

---
Series:

Occasional Paper No. 2004/005
Stock No:

S230EA
ISBN:

9781589062962
ISSN:

0251-6365

Supplemental Resources

Link to Abstract
pdf

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Occasional Papers