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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| Corporate Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2002
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| Series: | IMF Working Papers
Working Paper No. 02/92 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (53 p) |
| ISBN: | 145185160X 9781451851601 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
| institution | BVB |
| 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 |
| url | http://elibrary.imf.org/view/IMF001/04363-9781451851601/04363-9781451851601/04363-9781451851601.xml |
| work_keys_str_mv | AT internationalmonetaryfund macroeconomicadjustmentinahighlydollarizedeconomythecaseofcambodia |