Economic Policy in a Highly Dollarized Economy: The Case of Cambodia
AbstractThis 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Occasional Papers with number 219.
Date of creation: 30 Sep 2003
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- Jeta Menkulasi & Lodewyk Erasmus & Jules Leichter, 2009. "Dedollarization in Liberia-Lessons from Cross-country Experience," IMF Working Papers 09/37, International Monetary Fund.
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