Dollarization and Foreign Exchange Reserve : Debate on the Effectiveness of Monetary Policy in DR. Congo
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Christian P Pinshi, 2020. "Dollarization and Foreign Exchange Reserve : Debate on the Effectiveness of Monetary Policy in DR. Congo," Working Papers hal-03087715, HAL.
References listed on IDEAS
- Bergstrand, Jeffrey H. & Bundt, Thomas P., 1990. "Currency substitution and monetary autonomy: the foreign demand for US demand deposits," Journal of International Money and Finance, Elsevier, vol. 9(3), pages 325-334, September.
- Eric M. Leeper & Christopher A. Sims & Tao Zha, 1996. "What Does Monetary Policy Do?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 1-78.
- Koray Alper, 2008.
"Monetary Policy and External Shocks in a Dollarized Economy with Credit Market Imperfections,"
Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 8(2), pages 33-73.
- Koray Alper, 2007. "Monetary Policy and External Shocks in a Dollarized Economy with Credit Market Imperfections," Working Papers 0707, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Koray Alper, 2007. "Monetary Policy and External Shocks in a Dollarized Economy with Credit Market Imperfections," Centre for Growth and Business Cycle Research Discussion Paper Series 93, Economics, The University of Manchester.
- Eduardo Borensztein & Andrew Berg, 2000. "Full Dollarization; The Pros and Cons," IMF Economic Issues 24, International Monetary Fund.
- Blackburn, Keith & Christensen, Michael, 1989.
"Monetary Policy and Policy Credibility: Theories and Evidence,"
Journal of Economic Literature, American Economic Association, vol. 27(1), pages 1-45, March.
- Blackburn, Keith & Christensen, Michael, 1988. "Monetary Policy And Policy Credibility Theories And Evidence," University of Western Ontario, Departmental Research Report Series 8806, University of Western Ontario, Department of Economics.
- Marvin Goodfriend, 2007.
"How the World Achieved Consensus on Monetary Policy,"
Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 47-68, Fall.
- Marvin Goodfriend, 2007. "How the World Achieved Consensus on Monetary Policy," NBER Working Papers 13580, National Bureau of Economic Research, Inc.
- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2014.
"Addicted to Dollars,"
Annals of Economics and Finance, Society for AEF, vol. 15(1), pages 1-51, May.
- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003. "Addicted to Dollars," CEMA Working Papers 594, China Economics and Management Academy, Central University of Finance and Economics.
- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003. "Addicted to Dollars," NBER Working Papers 10015, National Bureau of Economic Research, Inc.
- Melvin, Michael, 1988. "The Dollarization of Latin America as a Market-Enforced Monetary Reform: Evidence and Implications," Economic Development and Cultural Change, University of Chicago Press, vol. 36(3), pages 543-558, April.
- Aubhik Khan & Robert G. King & Alexander L. Wolman, 2003.
"Optimal Monetary Policy,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(4), pages 825-860.
- Aubhik Khan & Robert G. King & Alexander L. Wolman, 2000. "Optimal monetary policy," Working Paper 00-10, Federal Reserve Bank of Richmond.
- Aubhik Khan & Robert G. King & Alexander L. Wolman, 2001. "Optimal monetary policy," Working Papers 01-5, Federal Reserve Bank of Philadelphia.
- Aubhik Khan & Robert G. King & Alexander L. Wolman, 2002. "Optimal Monetary Policy," NBER Working Papers 9402, National Bureau of Economic Research, Inc.
- Aubhik Khan & Robert King & Alexander L. Wolman, 2002. "Optimal monetary policy," Working Papers 02-19, Federal Reserve Bank of Philadelphia.
- Ortiz, Guillermo, 1983. "Currency Substitution in Mexico: The Dollarization Problem," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(2), pages 174-185, May.
- Christian Pinshi & Emmanuel Sungani, 2018. "The Relevance Of Pass-Through Effect: Should We Revisit Monetary Policy Regime?," Post-Print hal-02566800, HAL.
- Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2003. "The optimal degree of monetary policy discretion," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- Mr. Eduardo Borensztein & Mr. Andrew Berg, 2000. "The Pros and Cons of Full Dollarization," IMF Working Papers 2000/050, International Monetary Fund.
- Mr. Eduardo Borensztein & Mr. Andrew Berg, 2000. "Full Dollarization: The Pros and Cons," IMF Economic Issues 2000/004, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Christian P Pinshi, 2022. "Ciblage des prévisions d'inflation : Un nouveau cadre pour la politique monétaire ?," Working Papers hal-03548273, HAL.
- PINSHI, Christian P., 2022. "A Note on the Natural Rate of Dollarization: Mathematical Approximation of Limits," MPRA Paper 111671, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2014.
"Addicted to Dollars,"
Annals of Economics and Finance, Society for AEF, vol. 15(1), pages 1-51, May.
- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003. "Addicted to Dollars," NBER Working Papers 10015, National Bureau of Economic Research, Inc.
- Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003. "Addicted to Dollars," CEMA Working Papers 594, China Economics and Management Academy, Central University of Finance and Economics.
- Kyriakos C. Neanidis & Christos S. Savva, 2006.
"The Effects of Uncertainty on Currency Substitution and Inflation: Evidence from Emerging Economies,"
Economics Discussion Paper Series
0609, Economics, The University of Manchester.
- K C Neanidis & C S Savva, 2006. "The Effects of Uncertainty on Currency Substitution and Inflation: Evidence from Emerging Economies," Centre for Growth and Business Cycle Research Discussion Paper Series 71, Economics, The University of Manchester.
- Koráb, Petr & Fidrmuc, Jarko & Dibooglu, Sel, 2023. "Growth and inflation tradeoffs of dollarization: Meta-analysis evidence," Journal of International Money and Finance, Elsevier, vol. 137(C).
- Mar𨁌orena Mar𑁥l Cristo & Marta G -Puig, 2013.
"Pass-through in dollarized countries: should Ecuador abandon the US dollar?,"
Applied Economics, Taylor & Francis Journals, vol. 45(31), pages 4395-4411, November.
- María Lorena Marí del Cristo & Marta Gómez-Puig, 2012. "“Pass-through in dollarized countries: should Ecuador abandon the U.S. Dollar?”," IREA Working Papers 201216, University of Barcelona, Research Institute of Applied Economics, revised Oct 2012.
- Ms. Nombulelo Braiton, 2011. "Dollarization in Cambodia: Causes and Policy Implications," IMF Working Papers 2011/049, International Monetary Fund.
- repec:cuf:journl:y:2015:v:16:i:1:reinhart:rogoff:savastano is not listed on IDEAS
- Marcelin, Isaac & Mathur, Ike, 2016. "Financial sector development and dollarization in emerging economies," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 20-32.
- Shinkevich Andrey, 2002. "Dollarization Hysteresis in Russia," EERC Working Paper Series 00-087e, EERC Research Network, Russia and CIS.
- Arellano, Cristina & Heathcote, Jonathan, 2010.
"Dollarization and financial integration,"
Journal of Economic Theory, Elsevier, vol. 145(3), pages 944-973, May.
- Jonathan Heathcote & Cristina Arellano, 2004. "Dollarization and Financial Integration," 2004 Meeting Papers 10, Society for Economic Dynamics.
- Cristina Arellano & Jonathan Heathcote, 2007. "Dollarization and financial integration," International Finance Discussion Papers 890, Board of Governors of the Federal Reserve System (U.S.).
- Cristina Arellano & Jonathan Heathcote, 2007. "Dollarization and financial integration," Staff Report 385, Federal Reserve Bank of Minneapolis.
- Heathcote, Jonathan & Arellano, Cristina, 2007. "Dollarization and Financial Integration," CEPR Discussion Papers 6116, C.E.P.R. Discussion Papers.
- Ricardo Hausmann & Ugo Panizza & Carmen Reinhart & Douglas Barrios & Clement Brenot & Jesus Daboin Pacheco & Clemens Graf von Luckner & Frank Muci & Lucila Venturi, 2023.
"Towards a Sustainable Recovery for Lebanon's Economy,"
Growth Lab Working Papers
223, Harvard's Growth Lab.
- Ricardo Hausmann & Ugo Panizza & Carmen Reinhart & Douglas Barrios & Clement Brenot & Jesus Daboin Pacheco & Clemens Graf von Luckner & Frank Muci & Lucila Venturi, 2023. "Towards a Sustainable Recovery for Lebanon's Economy," CID Working Papers 439, Center for International Development at Harvard University.
- Léonce Ndikumana, 2003. "Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa," Working Papers wp55, Political Economy Research Institute, University of Massachusetts at Amherst.
- Carlos Viñuela & Juan Sapena & Gonzalo Wandosell, 2020. "The Future of Money and the Central Bank Digital Currency Dilemma," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
- Mr. Felix Fischer & Charlotte J. Lundgren & Mr. Samir Jahjah, 2013. "Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo," IMF Working Papers 2013/226, International Monetary Fund.
- Raphael Auer & Codruta Boar & Giulio Cornelli & Jon Frost & Henry Holden & Andreas Wehrli, 2021. "CBDCs beyond borders: results from a survey of central banks," BIS Papers, Bank for International Settlements, number 116.
- Daianu, Daniel & Vranceanu, Radu, 2003.
"Subduing High Inflation In Romania. How To Better Monetary And Exchange Rate Mechanisms?,"
Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 5-36, September.
- Daniel Daianu & Radu Vranceanu, 2001. "Subduing High Inflation in Romania: How to Better Monetary and Exchange Rate Mechanisms?," wiiw Balkan Observatory Working Papers 5, The Vienna Institute for International Economic Studies, wiiw.
- Daniel Daianu & Radu Vranceanu, 2001. "Subduing High Inflation in Romania. How to Better Monetary and Exchange Rate Mechanisms?," William Davidson Institute Working Papers Series 402, William Davidson Institute at the University of Michigan.
- Winkler, Adalbert, 2001. "On the need for an international lender of last resort: Lessons from domestic financial markets," W.E.P. - Würzburg Economic Papers 28, University of Würzburg, Department of Economics.
- Hochreiter, Eduard & Siklos, Pierre L., 2002. "Alternative exchange-rate regimes: The options for Latin America," The North American Journal of Economics and Finance, Elsevier, vol. 13(3), pages 195-211, December.
- Krzysztof Makarski, 2014.
"Dollarization as a signaling device,"
Bank i Kredyt, Narodowy Bank Polski, vol. 45(1), pages 17-36.
- Krzysztof Makarski, 2009. "Dollarization as a Signaling Device," NBP Working Papers 63, Narodowy Bank Polski.
- Stanisic, Nenad, 2012. "Effects of international monetary integration on inflation, economic growth and current account," MPRA Paper 38938, University Library of Munich, Germany.
- Owen F. Humpage, 2002. "An incentive-compatible suggestion for seigniorage sharing with dollarizing countries," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Jun.
- Cordeiro, Jose Luis, 2008. "Monetary Systems in Developing Countries: An Unorthodox View," IDE Discussion Papers 154, Institute of Developing Economies, Japan External Trade Organization(JETRO).
More about this item
Keywords
Monetary policy; Dollarization; Foreign exchange reserve;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- F31 - International Economics - - International Finance - - - Foreign Exchange
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2021-02-08 (Macroeconomics)
- NEP-MON-2021-02-08 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:104807. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.