LEADER 01013nam0-22003491i-450- 001 990003987500403321 005 20091118123115.0 010 $a0-632-04287-7 035 $a000398750 035 $aFED01000398750 035 $a(Aleph)000398750FED01 035 $a000398750 100 $a20031215d2000----km-y0itay50------ba 101 0 $aeng 102 $aUS 105 $aa---a---001yy 200 1 $aEssential reproduction$fMartin H. Johnson, Barry J. Everitt 205 $a5th ed. 210 $aOxford, Malden [Ma.]$cBlackwell science$dc2000 215 $axvi, 285 p.$cill. (col.)$d28cm 610 0 $aSistemi fisiologici negli animali$aSistema riproduttivo 610 0 $aMammiferi$aRiproduzione 676 $a573.6 700 1$aJohnson,$bMartin H.$0150559 701 1$aEveritt,$bBarry J.$0150560 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990003987500403321 952 $a573.6-JOH-1$b3009$fSC1 959 $aSC1 996 $aEssential reproduction$9474028 997 $aUNINA LEADER 04513oam 22011054 450 001 9910972534303321 005 20250426110843.0 010 $a9786613831460 010 $a9781462319534 010 $a146231953X 010 $a9781452778396 010 $a1452778396 010 $a9781283519014 010 $a1283519011 010 $a9781451983166 010 $a1451983166 035 $a(CKB)3360000000444049 035 $a(EBL)3014431 035 $a(SSID)ssj0000941488 035 $a(PQKBManifestationID)11543327 035 $a(PQKBTitleCode)TC0000941488 035 $a(PQKBWorkID)10963977 035 $a(PQKB)10479641 035 $a(OCoLC)694141079 035 $a(IMF)WPIEE2006157 035 $a(MiAaPQ)EBC3014431 035 $a(IMF)WPIEA2006157 035 $aWPIEA2006157 035 $a(EXLCZ)993360000000444049 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInflation Targeting in Dollarized Economies /$fLeonardo Leiderman, Rodolfo Maino, Eric Parrado 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $a"June 2006." 311 08$a9781451864175 311 08$a1451864175 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. HOW DOES DOLLARIZATION AFFECT MONETARY POLICY?""; ""III. THE RECENT MONETARY EXPERIENCES OF PERU AND BOLIVIA""; ""IV. MONETARY POLICY TRANSMISSION""; ""V. REACTION FUNCTIONS""; ""VI. CONCLUDING REMARKS""; ""REFERENCES"" 330 3 $aThe shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a narrow base of domestic nominal financial assets, the lack of market instruments to hedge exchange rate risks, together with fear of floating and dollarization, have been stressed as factors that might weaken the efficacy of monetary policy. By examining various aspects of monetary transmission and policy formulation in two highly dollarized economies (Peru and Bolivia) vis-à-vis two economies with low levels of dollarization (Chile and Colombia), we found that, while dollarization imposes differences in both the transmission capacity of monetary policy and its impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/157 606 $aAnti-inflationary policies$zDeveloping countries 606 $aCurrency substitution$zDeveloping countries 606 $aMonetary policy$zDeveloping countries 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aCurrency$2imf 606 $aDeflation$2imf 606 $aExchange rates$2imf 606 $aForeign exchange intervention$2imf 606 $aForeign exchange reserves$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aInflation$2imf 606 $aInternational reserves$2imf 606 $aMacroeconomics$2imf 606 $aMonetary Policy$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aReal exchange rates$2imf 607 $aPeru$2imf 615 0$aAnti-inflationary policies 615 0$aCurrency substitution 615 0$aMonetary policy 615 7$aBanking 615 7$aBanks and Banking 615 7$aCurrency 615 7$aDeflation 615 7$aExchange rates 615 7$aForeign exchange intervention 615 7$aForeign exchange reserves 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aInflation 615 7$aInternational reserves 615 7$aMacroeconomics 615 7$aMonetary Policy 615 7$aPrice Level 615 7$aPrices 615 7$aReal exchange rates 700 $aLeiderman$b Leonardo$0240295 701 $aMaino$b Rodolfo$01623199 701 $aParrado$b Eric$01816235 712 02$aInternational Monetary Fund.$bMonetary and Financial Systems Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910972534303321 996 $aInflation Targeting in Dollarized Economies$94372039 997 $aUNINA