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VIII Conclusions

VIII Conclusions »

Source: Monetary Policy in Dollarized Economies

Series: Occasional Papers

Author(s): Adam Bennett , Eduardo Borensztein , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1999

ISBN: 9781557757579

Keywords: central bank, exchange rate, currency substitution, inflation, dollarization

Dollarization comprises various financial assets and motivations. In part, it is a result of increased integration of capital markets with the rest of the world, but it may also represent a flight from domes...