Occasional Papers

Economic Policy in a Highly Dollarized Economy: The Case of Cambodia

September 30, 2003

Preview Citation

Format: Chicago

Economic Policy in a Highly Dollarized Economy: The Case of Cambodia, (USA: International Monetary Fund, 2003) accessed November 22, 2024

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.

Subject: Bank deposits, Banking, Commercial banks, Currencies, Currency boards, Dollarization, Financial institutions, Financial services, Foreign exchange, Monetary policy, Money

Keywords: Baltics, Bank deposits, Board arrangement, Cash dollar, Commercial banks, Currencies, Currency, Currency boards, De facto dollarization, Dollar, Dollar supply, Dollarization, Dollarization in Cambodia, East Asia, Foreign currency, OP, South Asia

Publication Details

  • Pages:

    40

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 2003/008

  • Stock No:

    S219EA

  • ISBN:

    9781589061897

  • ISSN:

    0251-6365

Supplemental Resources

You May Also Be Interested In...

EBA-Lite 3.0 Model and Methodology

November 18, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024

Central Bank Digital Currency: Progress And Further Considerations

November 8, 2024