Economic policy in a highly dollarized economy : the case of Cambodia /

Economic policy in a highly dollarized economy : the case of Cambodia /

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Bibliographic Details
Author / Creator:Zamaróczy, Mario de.
Imprint:Washington DC : International Monetary Fund, 2003.
Description:1 online resource (v, 35 pages) : color illustrations
Language:English
Series:Occasional paper / International Monetary Fund, 0251-6365 ; 219
Occasional paper (International Monetary Fund) ; no. 219.
Subject:
Monetary policy -- Cambodia.
Dollar, American.
Currency substitution -- Cambodia.
Currency substitution.
Dollar, American.
Economic history.
Economic policy.
Monetary policy.
Cambodia -- Economic policy.
Cambodia -- Economic conditions.
Cambodia.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12509183
Hidden Bibliographic Details
Other authors / contributors:Sa, Sopanha.
International Monetary Fund.
ISBN:9781452756387
1452756384
1451925549
9781451925548
1462365329
9781462365326
1589061896
9781589061897
1589061896
9781589061897
Notes:Includes bibliographical references (pages 32-33).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2019.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2019 HathiTrust Digital Library committed to preserve
Print version record.
Summary:This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy implications. They carry out an econometric estimation of cash foreign currency circulation in Cambodia in order to gauge the degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia's economic, financial, and structural background.
Other form:Print version: Zamaróczy, Mario de. Economic policy in a highly dollarized economy. Washington DC : International Monetary Fund, 2003
Standard no.:9781589061897
Table of Contents:
  • Machine derived contents note: I Overview 1
  • II Economic and Financial Developments 2
  • III Dollarization in Cambodia 5
  • A Synopsis of the Concepts of Dollarization and of
  • Currency Substitution 5
  • Measuring Dollarization in Cambodia 5
  • IV Costs and Benefits of High Dollarization in Cambodia 14
  • Drawbacks of High Dollarization 14
  • Benefits of High Dollarization 17
  • V Implications of High Dollarization for Macroeconomic
  • Policy Design 20
  • Dollarization and the Banking System 20
  • Execution of Budget 22
  • Consideration of a Possible Currency Board Arrangement 23
  • VI Conclusion 26
  • Appendix
  • Cambodia-A Simple Model to Estimate Dollars in Circulation
  • Outside Banks 28.

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