The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies /

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information content of various monetary aggregates in developing countries. We conclude that a high degree of currency substitution argues for a more fixed exchange rate regime, while asset su...

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Bibliografische gegevens
Hoofdauteur: Borensztein, Eduardo
Andere auteurs: Berg, Andrew
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2000.
Reeks:IMF Working Papers; Working Paper ; No. 2000/029
Online toegang:Full text available on IMF