European Parliament Library

Dedollarization, Annamaria Kokenyne, Jeremy Ley, Romain Veyrune

Abstract
This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater control of monetary policy and draws on the experiences of countries that have successfully dedollarized. Unlike previous work on the subject, this paper examines both macroeconomic stabilization policies and microeconomic measures, such as prudential regulation of the financial system. This study is also the first attempt to make extensive use of the foreign exchange regulation data reported in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. The main conclusion is that durable dedollarization depends on a credible disinflation plan and specific microeconomic measures
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Dollarization; 1. Liabilities and Assets Typically Dollarized; III. Policies for Dedollarization; A. Macroeconomic Stabilization; B. Market-Based Dedollarization Policies; C. Forced Dedollarization; Measures that more frequently achieved the expected results; IV. Exchange Rate Volatility, Prudential Measures, and Dollarization: Cross-Country Evidence; A. Case Studies; B. Measuring the Effect of the Nominal Exchange Rate and Real Exchange Rate Volatility on Dollarization; 2. Regression Explaining Financial Dollarization
Language
eng
Literary Form
non fiction
Note
"August 2010."
Physical Description
1 online resource (63 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282846609

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