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

International Monetary Fund (IMF); International … - 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/10005248256

Monetary policy in dollarized economies

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

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

Foreign Currency Deposits in Developing Countries-Origins and Economic Implications

International Monetary Fund - 1987

The growing importance of foreign currency deposits (FCDs) in some developing countries has raised numerous issues, particularly regarding the effectiveness of economic policies. This paper discusses factors that influence the emergence of FCDs and their impact on key macroeconomic relations. It...

Persistent link: https://www.econbiz.de/10014396267

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

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

The Transmission Mechanism in Armenia : New Evidence from a Regime Switching VAR Analysis

International Monetary Fund - 2010

the time inflation targeting was introduced and reduced levels of dollarization were observed. Results from introducing a … threshold variable into this framework furthermore show that reduced levels of dollarization are an important determinant of the …

Persistent link: https://www.econbiz.de/10014403230

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345