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Cover Art
Author Beaugrand, Philippe.

Title Overshooting and Dollarization in the Democratic Republic of the Congo [electronic resource] / Philippe Beaugrand.

Published Washington, D.C. : International Monetary Fund, 2003.


Location Call No. Status
Physical description 1 online resource (27 p.)
Series IMF Working Papers; Working Paper ; No. 03/105
IMF Working Papers; Working Paper ; No. 03/105
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 Description based on print version record.
Other author Beaugrand, Philippe.
Subject Central Bank
Central Banking
Foreign Currency
Monetary Policy
Money Demand
ISBN 1451852843 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451852844.001