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Dollarization in Cambodia
			: Causes and Policy Implications

Dollarization in Cambodia : Causes and Policy Implications »

Volume/Issue: 2011/49

Series: IMF Working Papers

Author(s): Nombulelo Duma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

DOI: http://dx.doi.org/10.5089/9781455218936.001

ISBN: 9781455218936

Keywords: seigniorage, foreign currency, monetary policy, inflation, macroeconomic stability, Central Banking, And The Supply Of Money And Credit,

Over the past decade, Cambodia has become Asia's most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable. Somewhat paradoxica...

Elements of Optimal Monetary Policy Committee Design

Elements of Optimal Monetary Policy Committee Design »

Volume/Issue: 2006/277

Series: IMF Working Papers

Author(s): Jérôme Vandenbussche

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

DOI: http://dx.doi.org/10.5089/9781451865370.001

ISBN: 9781451865370

Keywords: collective decision making, inflation, central bank, monetary policy decisions, inflation targeting, Analysis Of Collective Decision-making, Monetary Policy, Central Banking, And The Supply Of Money And Credit,

The move from individual decision making to committee decision making is widely seen as a major evolution in contemporary central banking. This paper reviews the relevant economics and social psychology literatures...

How Tight Is Too Tight? A Look at Welfare Implications of Distortionary Policies in Uzbekistan

How Tight Is Too Tight? A Look at Welfare Implications of Distortionary Policies in Uzbekistan »

Volume/Issue: 2005/239

Series: IMF Working Papers

Author(s): David Grigorian , and Edward Gemayel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

DOI: http://dx.doi.org/10.5089/9781451862584.001

ISBN: 9781451862584

Keywords: financial sector distortions, transition, foreign exchange, banking, inflation, banking sector, bank accounts, Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from planned to market economy. This approach relied heavily on trade controls, directed credit, and large public investments....

Improving the Monetary Policy Frameworks in Central America

Improving the Monetary Policy Frameworks in Central America »

Volume/Issue: 2011/245

Series: IMF Working Papers

Author(s): Stephanie Medina Cas , Alejandro Carrion-Menendez , and Florencia Frantischek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

DOI: http://dx.doi.org/10.5089/9781463923242.001

ISBN: 9781463923242

Keywords: inflation, central bank, price stability, reserve requirements, Monetary Policy, Central Banking, and the Supply of Money and Credit: General,

Several Central American (CADR) countries with independent monetary policies are strengthening their monetary frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengtheni...

Incorporating Financial Stability in Inflation Targeting Frameworks

Incorporating Financial Stability in Inflation Targeting Frameworks »

Volume/Issue: 2011/224

Series: IMF Working Papers

Author(s): Burcu Aydin , and Engin Volkan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463904326.001

ISBN: 9781463904326

Keywords: DSGE, financial accelerator, inflation, central bank, monetary shock, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data), Financial Markets and the Macroeconomy, Monetary Policy

The global financial crisis has exposed the limitations of a conventional inflation targeting (IT) framework in insulating an economy from shocks, and demonstrated that its rigid application may aggravate the effec...

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Innocent Bystanders? Monetary Policy and Inequality in the U.S. »

Volume/Issue: 2012/199

Series: IMF Working Papers

Author(s): John Silvia , Lorenz Kueng , Olivier Coibion , and Yuriy Gorodnichenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

DOI: http://dx.doi.org/10.5089/9781475505498.001

ISBN: 9781475505498

Keywords: Consumption Inequality, inflation, contractionary monetary policy, inflation target, monetary shocks, Business Fluctuations, And Cycles, money And Interest Rates, monetary Policy, Central Banking

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequa...

Monetary Policy Committees, Learning and Communication

Monetary Policy Committees, Learning and Communication »

Volume/Issue: 2010/85

Series: IMF Working Papers

Author(s): Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781451982633.001

ISBN: 9781451982633

Keywords: Central bank communication, monetary policy committees, adaptive learning, inflation, central bank, inflation stabilization, inflation rate, Monetary Policy, Central Banking, and the Supply of Money and Credit: General,

This paper considers optimal communication by monetary policy committees in a model of imperfect knowledge and learning. The main policy implications are that there may be costs to central bank communication if the...

Monetary Policy Under EMU
			: Differences in the Transmission Mechanism?

Monetary Policy Under EMU : Differences in the Transmission Mechanism? »

Volume/Issue: 2001/102

Series: IMF Working Papers

Author(s): Benedict Clements , Zenon Kontolemis , and Joaquim Levy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

DOI: http://dx.doi.org/10.5089/9781451852615.001

ISBN: 9781451852615

Keywords: Transmission Mechanism, inflation, monetary transmission, central bank, monetary transmission mechanism, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation, Monetary Policy, Central Banking

This study identifies differences in the monetary policy transmission mechanism across the countries in the euro area. It is argued that part of the differences in the response of economic activity to monetary poli...

Overshooting and Dollarization in the Democratic Republic of the Congo

Overshooting and Dollarization in the Democratic Republic of the Congo »

Volume/Issue: 2003/105

Series: IMF Working Papers

Author(s): Philippe Beaugrand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

DOI: http://dx.doi.org/10.5089/9781451852844.001

ISBN: 9781451852844

Keywords: Overshooting, Congo, Democratic Republic of, Za&;amp;#x00EF;re, inflation, foreign currency, money demand, monetary policy, central bank, Central Banking

The paper develops an interpretation of volatile exchange rate movements in a dollarized economy with very high rates of inflation. Differences between the rate of inflation and currency depreciation (over- or unde...

Peru
			: Drivers of De-dollarization

Peru : Drivers of De-dollarization »

Volume/Issue: 2010/169

Series: IMF Working Papers

Author(s): Mercedes Garcia-Escribano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455201808.001

ISBN: 9781455201808

Keywords: de-dollarization, foreign currency, inflation, macroeconomic stability, foreign exchange, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Financial Institutions and Services: General, Financial Institutions and Services: Government Policy and Regulation,

Peru has successfully pursued a market-driven financial de-dollarization during the last decade. Dollarization of credit and deposit of commercial banks - across all sectors and maturities - has declined, with larg...