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Product details
- ISBN-10: 1557757577
- ISBN-13: 9781557757579
- Author: Tomás J. T. Baliño
- Language: English
Product description
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.
