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This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. Dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's...
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This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic …-currency substitutes, and the scope for limiting dollarization through administrative restrictions. …
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Intro -- Contents -- I. INTRODUCTION -- II. TRENDS IN FINANCIAL DOLLARIZATION -- III. FINANCIAL DOLLARIZATION AS A …
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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 … development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions. For more …
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