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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...

Overshooting and Dollarization in the Democratic Republic of the Congo

Overshooting and Dollarization in the Democratic Republic of the Congo »

Source: 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

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...