Verfügbarkeit: Macroeconomic Adjustment in a Highly Dollarized Economy

Macroeconomic Adjustment in a Highly Dollarized Economy: The Case of Cambodia

Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show that Ca...

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Körperschaft:	International Monetary Fund (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2002
Schriftenreihe:	IMF Working Papers Working Paper No. 02/92
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized since 1995. Against a background of severe institutional limitations, the authorities have implemented in recent years policies akin to those of a de facto currency board arrangement, in particular with respect to fiscal discipline. The paper concludes that this policy mix has been appropriate for Cambodia''s circumstances
Beschreibung:	1 Online-Ressource (53 p)
ISBN:	145185160X 9781451851601

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spelling	International Monetary Fund Verfasser aut Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia Washington, D.C International Monetary Fund 2002 1 Online-Ressource (53 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/92 Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show that Cambodia has been virtually fully dollarized since 1995. Against a background of severe institutional limitations, the authorities have implemented in recent years policies akin to those of a de facto currency board arrangement, in particular with respect to fiscal discipline. The paper concludes that this policy mix has been appropriate for Cambodia''s circumstances Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/04363-9781451851601/04363-9781451851601/04363-9781451851601.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_auth	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_exact_search	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_exact_search_txtP	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_full	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_fullStr	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_full_unstemmed	Macroeconomic Adjustment in a Highly Dollarized Economy The Case of Cambodia
title_short	Macroeconomic Adjustment in a Highly Dollarized Economy
title_sort	macroeconomic adjustment in a highly dollarized economy the case of cambodia
title_sub	The Case of Cambodia
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