Series: IMF Working Papers
Author(s): Andrew Swiston
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
Keywords: Taylor rule, monetary policy transmission, interest rate pass-through, currency risk, uncovered interest parity, exchange rate regime, interest rates, exchange rate, output growth, Studies of Particular Policy Episodes,
This paper examines El Salvador's transition to official dollarization by comparing aspects of this regime to the fixed exchange rate regime prevailing in the 1990s. Commercial bank interest rates are analyzed unde...