Overshooting and Dollarization in the Democratic Republic of the Congo /
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 undershooting of the exchange rate) are seen as a proxy for changes in the relative demand...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| coleção: | IMF Working Papers; Working Paper ;
No. 2003/105 |
| Acesso em linha: | Full text available on IMF |