{
  "title": "Financial Dollarization: The Policy Agenda",
  "publication": "Books, July 25, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2016/12/31/financial-dollarization-the-policy-agenda-18710",
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  "summary": "Financial (unofficial) dollarization is widely seen as a critical source of financial fragility in both developing and emerging economies.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Financial (unofficial) dollarization is identified as a critical source of financial fragility in both developing and emerging economies.\n- The volume provides a rigorous and balanced perspective on:\n  - the causes and implications of dollarization;\n  - the basic policies and options to address dollarization, including the adaptation of monetary and prudential frameworks, the development of local-currency substitutes, and administrative restrictions to limit dollarization.\n- For purchasing information: http://www.palgrave.com/economics/imf/index.asp."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Causes and implications of dollarization are analyzed to inform policy responses.\n- Policy options assessed include:\n  - adaptation of the monetary framework;\n  - adaptation of the prudential framework;\n  - development of local-currency substitutes to reduce reliance on foreign currency;\n  - consideration of administrative restrictions to limit dollarization."
    },
    {
      "heading": "Policy recommendations and options (as presented)",
      "content": "- Adapt monetary frameworks to mitigate dollarization-driven vulnerabilities.\n- Adapt prudential frameworks to account for currency mismatches and exposure.\n- Promote development of local-currency substitutes to deepen domestic currency use.\n- Evaluate scope and implications of administrative restrictions aimed at limiting dollarization.\n\n---\n\n\nSource: https://www.imf.org/en/publications/books/issues/2016/12/31/financial-dollarization-the-policy-agenda-18710"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/books/issues/2016/12/31/financial-dollarization-the-policy-agenda-18710/index.md)",
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    "[Bundle manifest](/en/publications/books/issues/2016/12/31/financial-dollarization-the-policy-agenda-18710/bundle-manifest.json)",
    "Authors: Adrián Armas, Eduardo Levy Yeyati, Alain Ize",
    "Published: July 25, 2006",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781403987594.071",
    "Financial (unofficial) dollarization is identified as a critical source of financial fragility in both developing and emerging economies.",
    "The volume provides a rigorous and balanced perspective on:",
    "For purchasing information: http://www.palgrave.com/economics/imf/index.asp.",
    "Causes and implications of dollarization are analyzed to inform policy responses.",
    "Policy options assessed include:",
    "Adapt monetary frameworks to mitigate dollarization-driven vulnerabilities.",
    "Adapt prudential frameworks to account for currency mismatches and exposure.",
    "Promote development of local-currency substitutes to deepen domestic currency use.",
    "Evaluate scope and implications of administrative restrictions aimed at limiting dollarization."
  ],
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}