Full dollarization
by Andrew Berg, Eduardo Borensztein
Foreign ExchangeCurrency substitutionAmerican DollarForeign exchange ratesAmerikaanse dollar
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Open LibraryAbout this book
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.
Themes & subjects
Foreign ExchangeCurrency substitutionAmerican DollarForeign exchange ratesAmerikaanse dollarInternationaal betalingsverkeer
Setting
Developing countries
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