Monetary Policy, General Economic Policies, Macroeconomics - General & Miscellaneous, Economic Conditions - General & Miscellaneous, Development

Financial Dollarization

Name: Financial Dollarization
Author: Adrian Armas
ISBN: 9781403987594

by Adrian Armas (Editor), Alain Ize (Editor), Eduardo Levy Yeyati

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Overview

Financial (unofficial) dollarization is widely seen as a critical source of financial fragility in both developing and emerging economies. This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.

Synopsis

This volume presents the causes and implications of dollarization and the basic policies and options to deal with it.

About the Author, Adrian Armas

ADRIÁN ARMAS is Head of the Economic Studies Department of the Central Bank of Peru. ALAIN IZE works in the Monetary and Financial Systems Department of the IMF. EDUARDO LEVY-YEYATI is Associate Professor of Economics and Director of the Centre for Financial Research at Universidad Torcuato Di Tella, Buenos Aires, Argentina, and Research Associate at the Inter-American Development Bank.