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Macroeconomic Implications of Financial Dollarization; The Case of Uruguay
Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008
Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...
Persistent link: https://www.econbiz.de/10011245904
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The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies
Borensztein, Eduardo; Berg, Andrew - International Monetary Fund (IMF) - 2000
We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information …
Persistent link: https://www.econbiz.de/10005264031
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Overshooting and Dollarization in the Democratic Republic of the Congo
Beaugrand, Philippe - International Monetary Fund (IMF) - 2003
calibrated for the Democratic Republic of the Congo in the 1990s and is used to derive estimates of the rate of dollarization. …
Persistent link: https://www.econbiz.de/10005264134
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Monetary Transmission Mechanisms in Belarus
Maino, Rodolfo; Horváth, Balázs - International Monetary Fund (IMF) - 2006
inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission …
Persistent link: https://www.econbiz.de/10005825964
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Dollarization, Monetary Policy, and the Pass-Through
Ize, Alain; Parrado, Eric - International Monetary Fund (IMF) - 2002
This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of … shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy optimally (maximize … local welfare). Suboptimal monetary policies are more likely to induce real dollarization when the correlation between …
Persistent link: https://www.econbiz.de/10005826531
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Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo
Fischer, Felix; Lundgren, Charlotte J.; Jahjah, Samir - International Monetary Fund (IMF) - 2013
The paper looks at the challenges of conducting monetary policy in a context of high dollarization of the banking …
Persistent link: https://www.econbiz.de/10010790264
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873
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Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010790358
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Liberia; 2008 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for W...
International Monetary Fund (IMF); International … - 2009
This paper presents the staff report for the combined Liberia’s 2008 Article IV Consultation and the first review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. The international community is supporting the Liberian government’s efforts to reform...
Persistent link: https://www.econbiz.de/10011244653
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El Salvador; 2010 Article IV Consultation and First Review Under the Stand-By Arrangement: Staff Report; Public Information Notice and Press Release on the Executive Board Discussi...
International Monetary Fund (IMF); International … - 2010
The Salvadoran economy was severely affected by the global economic slowdown. Further strengthening the economy’s growth prospects and reducing poverty will depend on a durable fiscal consolidation effort and improvements in the investment climate through continued commitment to...
Persistent link: https://www.econbiz.de/10011245223