Official Dollarization As a Monetary Regime : Its Effectson El Salvador /

This paper examines El Salvador's transition to official dollarization by comparing aspects of this regime to the fixed exchange rate regime prevailing in the 1990s. Commercial bank interest rates are analyzed under an uncovered interest parity framework, and it is found that dollarization lowe...

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Bibliographic Details
Main Author:	Swiston, Andrew
Corporate Author:	International Monetary Fund
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 2011
Series:	IMF Working Papers ; Working Paper No. 11/129 IMF Working Papers; Working Paper ; No. 2011/129 IMF eLibrary
Subjects:	Dollarization > El Salvador > Econometric models Foreign exchange rates > El Salvador > Econometric models Interest rates > El Salvador > Econometric models Central american monetary council Central bank Commercial banks Currency pegs Determination of Interest Rates Dollarization Domestic monetary policy Domestic money supply Economic models Foreign currency Government and the Monetary System Higher rate of inflation Independent monetary policies Independent monetary policy Inflation targeting Inflation Interest rates Macroeconomic crises Macroeconomic performance Monetary Policy (Targets, Instruments, and Effects) Monetary Standards and Regimes Monetary aggregates Monetary authorities Monetary authority Monetary economics Monetary fund Monetary policies Monetary policy Monetary regime Monetary regimes Monetary system Monetary systems Monetary transmission mechanism Monetary transmission Money supply Nominal interest rates Optimal monetary policy Rate of inflation Rates of inflation Real interest rate Real interest rates Real output Relative price Reserve requirements Studies of Particular Policy Episodes Term Structure of Interest Rates Transmission of monetary policy Banking Banks and Banking Banks and banking Banks Central bank policy rate Currencies Deflation Depository Institutions Financial institutions Financial services Interest Rates: Determination, Term Structure, and Effects Macroeconomics Micro Finance Institutions Monetary Policy Monetary Systems Money and Monetary Policy Money Mortgages Payment Systems Price Level Prices Regimes Standards El Salvador

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Official Dollarization As a Monetary Regime : Its Effectson El Salvador /

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