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Dedollarization in Liberia : lessons from cross-country experience
Erasmus, Lodewyk (Author), Leichter, Jules (Author), Menkulasi, Jeta (Author)

URLURL - Presentation file, Visit http://www.imf.org/external/pubs/ft/wp/2009/wp0937.pdf This link opens in a new window

Abstract
Liberia's experience with a dual currency regime, with the U.S. dollar enjoying legal tender status, dates to its founding as a sovereign country in 1847. Following the end of the most recent episode of civil war in late-2003, the new government has expressed interest in strengthening the role of the Liberian dollar. Liberia, however, is heavily dollarized, with the U.S. dollar estimated to account for about 90 percent of money supply. Cross-countryexperience suggests that dollarization does not preclude monetary policy from achieving its primary objective of price stability, and that successful and lasting dedollarization may be difficult to achieve.

Language:English
Keywords:Liberija, denarni sistemi, valuta, dolar, emisija denarja, monetarna politika, stabilizacija, mednarodne primerjave, Liberia, monetary systems, currency, dollar, money issue, monetary policy, stabilization, international comparisons
Work type:Not categorized (r6)
Organization:EF - Faculty of Economics
Year:2009
Publisher:International Monetary Fund
Number of pages:23 str.
Place:[Washington (D.C.)]
UDC:336.748
COBISS.SI-ID:19265766 Link is opened in a new window
Views:309
Downloads:120
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