01742cas a2200253 a 4500 AALejournalIMF007681 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844795 1018-5941 BD-DhAAL BD-DhAAL Borensztein, Eduardo. The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies / Eduardo Borensztein, Andrew Berg. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (31 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 We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information content of various monetary aggregates in developing countries. We conclude that a high degree of currency substitution argues for a more fixed exchange rate regime, while asset substitution may imply that either more rigid or more flexible regimes may be appropriate. We also ask whether the most informative monetary aggregates include dollar assets. Based on an analysis of five countries, we conclude inter alia that broader aggregates that include dollar assets perform better than those that do not. Mode of access: Internet Berg, Andrew. IMF Working Papers; Working Paper ; No. 2000/029 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/029/001.2000.issue-029-en.xml IMF e-Library