Financial Dollarization: The Policy Agenda

Publication date: July 2006
ISBN: 9781463919429
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Topics covered in this book

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Money and Monetary Policy , BOOK , currency , market , price , inflation targeting , dollarization risk , credit risk , foreign currency , de-dollarization policy , monetary management , currency exposure , unit of account , Dollarization , Currencies , Exchange rates , Exchange rate arrangements , De-dollarization , Caribbean

Summary

Financial (unofficial) dollarization is widely seen as a critical source of financial fragility in both developing and emerging economies. This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions. For more information on how to purchase a copy of this title, please visit http://www.palgrave.com/economics/imf/index.asp.