Series: IMF Working Papers
Author(s): Felix Fischer , Charlotte Lundgren , and Samir Jahjah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 November 2013
Keywords: exchange rate regime, dedollarization, financial deepening., central bank, monetary fund, reserve requirements, Monetary Policy (Targets, Instruments, and Effects), Macroeconomic Analyses of Economic Development
The paper looks at the challenges of conducting monetary policy in a context of high dollarization of the banking system and weak institutions in the Democratic Republic of the Congo. The empirical analysis confirm...