De-dollarization, Indexation and Nominalization: the Chilean Experience
AbstractThis paper revisits the Chilean experience with dollarization, indexation and nominalization in the 1958-2003 period. The purpose is to understand how Chile generally avoided dollarization and actually de-dollarized in the 1980s in order to draw some lessons for other countries. We find that many policies that Chile pursued are not easy to implement elsewhere. Some key characteristics of the Chilean process are related to initial institutional conditions and developments, whereas others are connected to macroeconomic performance and specific regulations. Indexation plays a key role in explaining how dollarization can be avoided.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Economic Policy Reform.
Volume (Year): 8 (2005)
Issue (Month): 4 ()
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- Nombulelo Duma, 2011. "Dollarization in Cambodia: Causes and Policy Implications," IMF Working Papers 11/49, International Monetary Fund.
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