01780cas a2200241 a 4500 AALejournalIMF000183 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841992 1018-5941 BD-DhAAL BD-DhAAL Savastano, Miguel. Dollarization in Latin America : Recent Evidence and Some Policy Issues / Miguel Savastano. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the allocation of foreign currency deposits, and the behavior of money velocity. The discussion stresses the role of institutional factors, macroeconomic conditions, and the dynamics of money demand In shaping the dollarization process; it also highlights the shortcomings of indicators frequently employed to analyze the phenomenon. The paper provides a brief critical assessment of the empirical literature on dollarization, and identifies areas where further research seems warranted. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/004/001.1996.issue-004-en.xml IMF e-Library