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Overshooting and Dollarization in the Democratic Republic of the Congo / Philippe Beaugrand.
- Format:
- Book
- Government document
- Author/Creator:
- Beaugrand, Philippe.
- Series:
- IMF Working Papers; Working Paper ; No. 2003/105
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (27 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2003.
- Language Note:
- English
- Summary:
- The paper develops an interpretation of volatile exchange rate movements in a dollarized economy with very high rates of inflation. Differences between the rate of inflation and currency depreciation (over- or undershooting of the exchange rate) are seen as a proxy for changes in the relative demand for domestic and foreign currency. A simple model is calibrated for the Democratic Republic of the Congo in the 1990s and is used to derive estimates of the rate of dollarization.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613779915
- 9781462355990
- 1462355994
- 9781452734095
- 1452734097
- 9781281387110
- 1281387118
- 9781451898484
- 1451898487
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