Financial dollarization
Subtitle: the policy agenda
By: edited by Adrián Armas, Alain Ize and Eduardo Levy Yeyati.
Contributors: Armas, Adrián, 1965-; Ize, Alain.; Levy Yeyati, Eduardo.
Publisher: Palgrave Macmillan; International Monetary Fund
Published: 2006
Place of publication: Basingstoke [England]; New York; [Washington, D.C.]
Language: eng
Number of pages: 337
ISBN-13: 9781403987594
Subjects: Monetary policy -- Developing countries; Currency question -- Developing countries; Developing countries -- Economic policy
Description: 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, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.
Notes: Includes bibliographical references and index.