UID:
edoccha_9958120557102883
Format:
1 online resource (63 p.)
ISBN:
1-4623-1537-2
,
1-4552-8486-6
,
1-282-84660-4
,
9786612846601
,
1-4552-0222-3
Series Statement:
IMF working paper. No. WP/10/188
Content:
This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater control of monetary policy and draws on the experiences of countries that have successfully dedollarized. Unlike previous work on the subject, this paper examines both macroeconomic stabilization policies and microeconomic measures, such as prudential regulation of the financial system. This study is also the first attempt to make extensive use of the foreign exchange regulation data reported in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. The main conclusion is that durable dedollarization depends on a credible disinflation plan and specific microeconomic measures.
Note:
"August 2010."
,
At head of title: Monetary and Capital Markets Department.
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Dollarization; 1. Liabilities and Assets Typically Dollarized; III. Policies for Dedollarization; A. Macroeconomic Stabilization; B. Market-Based Dedollarization Policies; C. Forced Dedollarization; Measures that more frequently achieved the expected results; IV. Exchange Rate Volatility, Prudential Measures, and Dollarization: Cross-Country Evidence; A. Case Studies; B. Measuring the Effect of the Nominal Exchange Rate and Real Exchange Rate Volatility on Dollarization; 2. Regression Explaining Financial Dollarization
,
C. The Effect of Measures to Mitigate Financial Dollarization in Croatia1. Asset Dollarization and Prudential Measures in Croatia; 2. Liability Dollarization and Prudential Measures in Croatia; 3. Regression on the Effect of Prudential Measures on Dollarization in Croatia; V. Conclusion; I. Selected Country Experiences with Specific Dedollarization Measures; I. Macroeconomic Policies and Public Debt Management; II. Financial Policy; III. Prudential Regulation; IV. Supervisory Measures; V. Forced Dedollarization; II. Panel Unit Root Tests; III. Country Sample (November 2001-March 2001)
,
Footnotes
Language:
English
