Series: IMF Working Papers
Author(s): Eduardo Levy Yeyati , and Alain Ize
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2005
Keywords: Prudential policy, exchange rate, exchange rate regimes, real exchange rate, currency substitution, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Financial Institutions and Services: Government Policy and Regulation,
De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a foreign currency, is a policy concern in an increasing number of developing economies. This paper...