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Record Nr. |
UNINA9910788340303321 |
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Autore |
Menkulasi Jeta |
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Titolo |
Dedollarization in Liberia-Lessons From Cross-Country Experience / / Jeta Menkulasi, Lodewyk Erasmus, Jules Leichter |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-2551-3 |
1-4527-7732-2 |
9786612842597 |
1-4518-7185-6 |
1-282-84259-5 |
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Descrizione fisica |
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1 online resource (25 p.) |
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Collana |
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Altri autori (Persone) |
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ErasmusLodewyk |
LeichterJules |
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Soggetti |
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Money - Liberia |
Dollar, American |
Banks and Banking |
Money and Monetary Policy |
Industries: Financial Services |
Monetary Policy |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Financial Institutions and Services: General |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Monetary economics |
Banking |
Currencies |
Dollarization |
Bank deposits |
Financial sector |
Monetary base |
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Money |
Monetary policy |
Financial services |
Economic sectors |
Banks and banking |
Financial services industry |
Money supply |
Liberia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; Table; 1. History of Currencies in Liberia; Figures; 1. International Comparison of Dollarization: Foreign Currency Deposits to; I. Macroeconomic Management in a Dollarized Economy; II. International Experience with Dedollarization; 2. Liberia: Real Effective Exchange Rate and CPI; Box; 1. Experience with Dedollarization; 3. Increases in dollarization: 2000-07; 4. Decreases in dollarization: 2000-07; III. Lessons and Policy Options for Liberia; IV. Conclusion; References; Appendix; I. Estimating the Degree of Dollarization in Liberia; Appendix Table; 1. Dollarization in Liberia |
Attachment1. Estimating US Dollars in Circulation |
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Sommario/riassunto |
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Liberia's experience with a dual currency regime, with the U.S. dollar enjoying legal tender status, dates to its founding as a sovereign country in 1847. Following the end of the most recent episode of civil war in late-2003, the new government has expressed interest in strengthening the role of the Liberian dollar. Liberia, however, is heavily dollarized, with the U.S. dollar estimated to account for about 90 percent of money supply. Cross-country experience suggests that dollarization does not preclude monetary policy from achieving its primary objective of price stability, and that successful and lasting dedollarization may be difficult to achieve. |
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