sector, is exposed to a currency mismatch between its assets and its liabilities that is not effectively hedged. The results … suggest that the amount of intervention will depend on the degree of currency mismatch between assets and liabilities, the … of currency mismatch and large financial sectors would intervene heavily in foreign exchange markets, as long as the …

stem from a systematic shift in currency preferences away from holding dollar assets. Instead, a small group of countries … the primary foreign currency liquidity needs of the central bank are already satisfied. …

inflows on growth and financial stability in developing countries. It led the IMF to reconsider its long-standing rejection of … changes that realign bank incentives towards longer horizons and sustainable growth models. Where capital inflows arise … predominantly from official sources rather than cross-currency private investment strategies, central banks can combine a firm …

compare growth during the Asian and global financial crises and find that a looser monetary policy played an important role in …

policy, resulting in its inability to address desired economic growth per it legal mandate. Which the paper establishes the …

growth. In heavily dollarized economies, during periods of sharp devaluations of the domestic currency, financial assets and … achieve growth and economic development, monetary policies may permit increases in the base money to keep pace with real GDP … liabilities shift toward foreign currency, exacerbating downward pressure on the exchange rate. When central banks face pressures …