{
  "title": "Financial Stability in Dollarized Economies",
  "publication": "Occasional Papers, June 15, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918",
  "canonical": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918",
  "overlayPath": "/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/index.md",
  "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.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- 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.\n- The study’s conclusions are the basis of an ongoing policy dialogue with IMF member countries, standard-setters in the financial area, and academia.\n- The paper is part of the policy development work conducted by the IMF’s Monetary and Financial Systems Department."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Highly dollarized economies face constraints on standard monetary and financial policy tools that affect prudential supervision.\n- The analysis emphasizes implications for bank deposits, banking systems, currency management, exchange rates, foreign exchange operations, monetary policy, and real exchange rates.\n- The work is intended to inform policy design and supervisory practices in dollarized environments."
    },
    {
      "heading": "Policy implications and dialogue",
      "content": "- Conclusions inform an ongoing policy dialogue with:\n  - IMF member countries\n  - Standard-setters in the financial area\n  - Academia\n- The paper contributes to policy development within the IMF’s Monetary and Financial Systems Department.\n\n---\n\n Content in this bundle\n\n- Financial Stability in Dollarized Economies\n  - Financial Stability in Dollarized Economies (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Financial Stability in Dollarized Economies (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/index.md)",
    "[Structured JSON version](/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/index.json)",
    "[Bundle manifest](/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/bundle-manifest.json)",
    "Authors: Anne Marie Gulde, David S. Hoelscher, Alain Ize, Dewitt D Marston, Gianni De Nicolo",
    "Published: June 15, 2004",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781589062962.084",
    "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.",
    "Highly dollarized economies face constraints on standard monetary and financial policy tools that affect prudential supervision.",
    "The analysis emphasizes implications for bank deposits, banking systems, currency management, exchange rates, foreign exchange operations, monetary policy, and real exchange rates.",
    "The work is intended to inform policy design and supervisory practices in dollarized environments.",
    "Conclusions inform an ongoing policy dialogue with:",
    "The paper contributes to policy development within the IMF’s Monetary and Financial Systems Department.",
    "**Financial Stability in Dollarized Economies**"
  ],
  "related": [
    {
      "title": "Financial Stability in Dollarized Economies",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-publications/external/pubs/nft/op/230/_op230.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-publications/external/pubs/nft/op/230/_op230.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-publications/external/pubs/nft/op/230/_op230.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/index.md",
    "json": "/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/index.json",
    "bundleManifest": "/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-19T04:44:09.412Z"
}