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 with currency board option.
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The Pros and Cons Preface
The Pros and Cons The Pros and Cons of Full Dollarization
The Pros and Cons The Economic Issues Series