Volume 28, Number 1

Dollarization: Concepts and Implications for Monetary and Exchange Rate Policy in the Philippines

1,536
Total Downloads
2
Citations
Publication Code
PJD 2001 Vol. XXVIII No. 1-d
Author(s)
Keywords
Focus Area(s)
No Data

Abstract

Currency substitution implies the greater share of foreign currency in the asset holdings of domestic residents. Dollarization is the complete replacement of the local currency- in this case, the peso- by a foreign currency, most likely the US dollar. The paper finds that dollarization or official dollarization has both its costs and benefits but it is not a viable option for the Philippines at the moment.

Citations

  1. Lamberte, Mario B.. 2002. The Philippine payment system: Efficiency and implications for the conduct of monetary policy. Research Paper Series RPS 2002-05. Philippine Institute for Development Studies.
  2. Lamberte, Mario B.. 2001. The Philippine payment system: Efficiency and implications for the conduct of monetary policy. Discussion Papers DP 2001-20. Philippine Institute for Development Studies.
Full Issue
 
2001-06-01
Volume 28, Number 1
SHARE
June 1, 2001
Date Published
Featured Image

The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd