01772cas a2200241 a 4500 AALejournalIMF015085 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498387996 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Republic of Armenia : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (27 pages) IMF Staff Country Reports <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 Selected Issues paper analyzes scope for further de-dollarization policies in Armenia. High financial dollarization makes Armenia more vulnerable to external shocks and limits its capacity to respond. The de-dollarization strategy is broad and comprehensive, and has achieved a reduction of deposit dollarization during the past few years. Additional efforts should focus on reducing inflation volatility and external imbalances, using prudential regulations to increase foreign currency liquidity in the banking system, and strengthening the monitoring of currency mismatches. International experience suggests, however, that further reductions in dollarization are likely to occur only gradually. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/066 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/066/002.2015.issue-066-en.xml IMF e-Library