## Financial Stability in Dollarized Economies

_Occasional Papers, June 15, 2004_

## Source details

**Canonical URL:** [Financial Stability in Dollarized Economies](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918)

## Other formats

- [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)

## Bibliographic details
- 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

---

### Overview and purpose
- 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.

### Key findings and themes
- 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.

### Policy implications and dialogue
- Conclusions inform an ongoing policy dialogue with:
  - IMF member countries
  - Standard-setters in the financial area
  - Academia
- The paper contributes to policy development within the IMF’s Monetary and Financial Systems Department.

---

## Content in this bundle

- **Financial Stability in Dollarized Economies**
  - [Financial Stability in Dollarized Economies (Markdown version)](/-/media/websites/imf/imported-publications/external/pubs/nft/op/230/_op230.pdf.md){rel="alternate" type="text/markdown"}
  - [Financial Stability in Dollarized Economies (PDF)](/-/media/websites/imf/imported-publications/external/pubs/nft/op/230/_op230.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/financial-stability-in-dollarized-economies-16918_