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Issues and Experiences
This paper discusses some of the issues that concern the operation of currency boards, by comparison to conventional exchange rate pegs, and looks at ...
Sweden's economy in the early 1990s has been characterized by a deep recession, high unemployment, a ballooning public sector budgete deficit, and a d...
Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of devel...
The Influence of Monetary Overhangs and Weak Enterprise Discipline
Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interes...
Experience Under Stand-By and Extended Arrangements, Part II: Background Papers
This paper is part II of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-s...
Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-su...