Financial Stability in Dollarized Economies
June 15, 2004
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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
Pages:
35
Volume:
2004
DOI:
Issue:
005
Series:
Occasional Paper No. 2004/005
Stock No:
S230EA
ISBN:
9781589062962
ISSN:
0251-6365
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