Monetary Policy in Dollarized Economies

Author/Editor:

Adam Bennett ; Eduardo Borensztein ; Tomás J. T. Baliño

Publication Date:

March 15, 1999

Summary:

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.

Series:

Occasional Paper No. 171

English

Publication Date:

March 15, 1999

ISBN/ISSN:

9781557757579/0251-6365

Stock No:

S171EA0000000

Price:

$18.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

50

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