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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...
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This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries … (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the … factors, macroeconomic conditions, and the dynamics of money demand In shaping the dollarization process; it also highlights …
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projected probability of sudden stops affects the level of dollarization, and provide estimates for the effect of dollarization …
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