An edition of Full dollarization (2000)
Full Dollarization
The Pros and Cons (Economic Issues)
By Andrew Berg,Eduardo Borensztein
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Publish Date
January 2000
Publisher
International Monetary Fund
Language
eng
Pages
19
Description:
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.