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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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2000.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2000/029 |
| 在線閱讀: | Full text available on IMF |