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Book Cover
E-book
Author Billmeier, Andreas

Title Exchange rate pass-through and monetary policy in Croatia / Andreas Billmeier and Leo Bonato
Published [Washington, D.C.] : International Monetary Fund, European I Dept., ©2002

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Description 1 online resource (34 pages) : illustrations
Series IMF working paper ; WP/02/109
IMF working paper ; WP/02/109.
Summary Exchange rate targeting is considered the best policy option in dollarized economies when wages and prices are indexed to the exchange rate. Croatia is a highly dollarized economy, but empirical investigation conducted in this paper shows that exchange rate pass-through has been low after stabilization. This finding, which is robust to different methodologies (VAR, cointegration), would suggest that dollarization is mostly limited to financial assets and therefore that strict exchange rate targeting may not necessarily be the best option. However, policy implications are unclear due to the endogeneity of the pass-through to the policy regime
Bibliography Includes bibliographical references (pages 32-34)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange rates -- Croatia
Monetary policy -- Croatia
Inflation (Finance) -- Croatia
Cointegration -- Croatia
Cointegration.
Foreign exchange rates.
Inflation (Finance)
Monetary policy.
Croatia.
Form Electronic book
Author Bonato, Leo
International Monetary Fund. European I Department.
ISBN 1451898800
9781451898804