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Baliño, Tomás J. T. (ed.); Bennett, Adam (contributor); … - International Monetary Fund - 1999

Persistent link: https://www.econbiz.de/10000671075

Economic Policy in a Highly Dollarized Economy : The Case of Cambodia

International Monetary Fund - 2003

, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on … dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy … degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia’s economic …

Persistent link: https://www.econbiz.de/10014411073

Macroeconomic Adjustment in a Highly Dollarized Economy : The Case of Cambodia

International Monetary Fund - 2002

degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized since 1995. Against a …

Persistent link: https://www.econbiz.de/10014399652

Dollars, Debt, and Deficits : Sixty Years After Bretton Woods

International Monetary Fund - 2005

This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges. The volume is based on the proceedings of a 2004 conference cosponsored by the Banco de Espana and the...

Persistent link: https://www.econbiz.de/10014395118

Transactions Costs and Vehicle Currencies

International Monetary Fund - 1989

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014396025

Currency Substitution in Egypt and the Yemen Arab Republic : A Comparative Quantitative Analysis

International Monetary Fund - 1987

The paper provides an empirical analysis of the determinants of currency substitution in Egypt and the Yemen Arab Republic over the period 1980-86. During this period, residents have exhibited a marked preference to substitute foreign money balances for domestic balances, as indicated by their...

Persistent link: https://www.econbiz.de/10014396179

Currency Substitution and Financial innovation

International Monetary Fund - 1989

This paper presents a cash-in-advance framework, with variable income velocity, where the domestic effects, as well as the international transmission, of financial innovation can be analyzed. In particular, the discussion emphasizes the role of currency substitution and of cross-border transfers...

Persistent link: https://www.econbiz.de/10014396343

Latin American Central Bank Reform : Progress and Challenges

International Monetary Fund - 2005

This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...

Persistent link: https://www.econbiz.de/10014400741

Weathering the Global Storm : The Benefits of Monetary Policy Reform in the La5 Countries

International Monetary Fund - 2010

This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the benefits of what they sowed in successfully weathering the global crisis. The adoption of far-reaching institutional, policy, and operational reforms during the last two decades...

Persistent link: https://www.econbiz.de/10014402930

Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America

International Monetary Fund - 2012

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...

Persistent link: https://www.econbiz.de/10014396432

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