Economics at your fingertips  

Zimbabwe: Challenges and Policy Options after Hyperinflation

International Monetary Fund

No 2010/006, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and cons of alternative monetary regimes for Zimbabwe to succeed the current multicurrency system, which the authorities consider a temporary arrangement. The analysis suggests that some form of official dollarization has significant advantages. The paper also assesses competitiveness and external sustainability in debt-distressed Zimbabwe. It also makes a case for creating fiscal space for growth and development in post-hyperinflation Zimbabwe.

Keywords: DPPP; DP; U.S. dollar; net present value; risk premium; foreign exchange; exchange rate; terms of trade; capital expenditure; central bank; mining wealth; monetary policy; real GDP; discount rate; legal tender; Currencies; Dollarization; Mining sector; Currency boards; Africa; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 67
Date: 2010-06-23
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Departmental Papers / Policy Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Page updated 2022-10-03
Handle: RePEc:imf:imfdps:2010/006