Advanced Search
MyIDEAS: Login to save this paper or follow this series



Author Info

  • Annamaria Kokenyne
  • Jeremy Ley
  • Romain Veyrune
Registered author(s):


    This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater control of monetary policy and draws on the experiences of countries that have successfully dedollarized. Unlike previous work on the subject, this paper examines both macroeconomic stabilization policies and microeconomic measures, such as prudential regulation of the financial system. This study is also the first attempt to make extensive use of the foreign exchange regulation data reported in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. The main conclusion is that durable dedollarization depends on a credible disinflation plan and specific microeconomic measures.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    Download Restriction: no

    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/188.

    as in new window
    Length: 50
    Date of creation: 01 Aug 2010
    Date of revision:
    Handle: RePEc:imf:imfwpa:10/188

    Contact details of provider:
    Postal: International Monetary Fund, Washington, DC USA
    Phone: (202) 623-7000
    Fax: (202) 623-4661
    Web page:
    More information through EDIRC

    Order Information:

    Related research

    Keywords: Dollarization; Bank supervision; Disinflation; Exchange rate variability; foreign currency; foreign exchange; exchange rate; inflation; monetary policy; exchange rate volatility; currency substitution; exchange risk; foreign exchange risk; flexible exchange rate; real exchange rate; exchange rate policy; fixed exchange rate; exchange rate arrangement; nominal exchange rate; exchange rate flexibility; exchange rate regime; inflation rate; low inflation; exchange rate risk; macroeconomic stability; real interest rates; exchange restrictions; financial stability; foreign exchange transactions; exchange rate risks; exchange transactions; currency transactions; exchange rate appreciation; floating exchange rate; real exchange rate volatility; exchange controls; inflation targeting; foreign exchange market; exchange rates; foreign exchange holdings; flexible exchange rate regime; currency risk; aggregate demand; fixed exchange rate regime; exchange rate instability; exchange control; floating exchange rate regime; exchange risks; exchange arrangements; exchange rate regimes; currency markets; high inflation; reduction in inflation; lower inflation; inflationary expectations; forward cover; money supply; fixed exchange rates; exchange rate behavior; real ? interest rate; stable exchange rate; currency risks; nominal interest rate; currency depreciation; exchange rate system; floating exchange rate system; currency appreciation; real exchange rate appreciation; exchange rate fluctuations; exchange rate policies; average exchange rate; flexible exchange rate regimes; exchange rate arrangements;

    This paper has been announced in the following NEP Reports:


    No references listed on IDEAS
    You can help add them by filling out this form.



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:10/188. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.