The paper explores the various monetary policy strategies that may be pursued in the presence of dollarization, considers the implications of dollarization for the practical application and ...

Monetary policy, a crucial tool wielded by central banks, plays a significant role in shaping the economic landscape. Its influence extends to interest rates, inflation, and credit access, directly ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...