Full dollarization: the pros and cons

Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares...

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Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C. International Monetary Fund 2000
Schriftenreihe:Economic Issues No. 24
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Zusammenfassung:Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares with currency board option
Beschreibung:"[This] paper draws on material originally contained in IMF Working Paper 00/50 and 00/29, respectively, 'The Pros and Cons of Full Dollarization' and 'The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Countries' both by Andrew Berg and Eduardo Borensztein"--preface (iii). - "Published December 2000.". - Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002
Includes bibliographical references
Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares with currency board option
Beschreibung:1 Online-Ressource (iii, 19 Seiten)
ISBN:9781451935042
1451935048
ISSN:1020-5098

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