Series: IMF Working Papers
Author(s): Carlos Végh Gramont , and Ratna Sahay
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1995
Keywords: dollarization, foreign currency, inflation, high inflation, foreign exchange
After most restrictions on foreign currency holdings were relaxed in the early 1990s, foreign currency deposits in transition economies have been increasing rapidly. This paper takes a first look at the evidence on...