It is possible, however, that no reliable aggregate can be found. This problem, which is by no means confined to dollarized economies, brings into question the policy of monetary targeting as opposed ...

However, its influence takes on a much more pervasive form for emerging market economies, whose dollarised financial system has left them burdened with an unhealthy exposure to US policy decisions. In ...

Excluded from this analysis are Brazil, Colombia, and Venezuela, which do not allow accounts in foreign currency, and Ecuador, El Salvador, and Panama, which are fully dollarized economies. Foreign ...