Dollarization: Debates and Policy Alternatives

Search by :

ALL Author Subject ISBN/ISSN Advanced Search

Last search:

Image of Dollarization: Debates and Policy Alternatives

Text

Dollarization: Debates and Policy Alternatives

Levy Yeyati, Eduardo - Personal Name; Sturzenegger, Federico. - Personal Name;

Theoretical and empirical analysis of de jure dollarization.With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the prospect of replacing a national currency with a strong foreign one. Recent examples include the adoption of the US dollar by Ecuador and El Salvador.The introduction of a foreign currency as sole legal tender, termed full (de jure) dollarization, has been the center of much political and academic debate. This book provides a comprehensive analysis of the issues from both theoretical and empirical perspectives. The topics discussed include the role of balance sheet effects, the linkage between currency risk and country risk, the impact of dollarization on trade, financial integration and credibility, the implications of dollarization for the lender of last resort, and the institutional and political economy aspects of dollarization.OCLC-licensed vendor bibliographic record.

Availability

No copy data

Detail Information

Series Title: -
Call Number: -
Publisher: Cambridge, Massachusetts : The MIT Press., 2002
Collation: 1 online resource (ix, 341 pages) :illustrations
Language: English
ISBN/ISSN: 9780262286527
Classification: NONE
Content Type: text
Media Type: computer
Carrier Type: online resource
Edition: -
Subject(s): Foreign exchange.
Money.
International finance.
Dollarization.
Dollar, American.
Currency question.
Specific Detail Info: -
Statement of Responsibility: Eduardo Levy Yeyati and Federico Sturzenegger.

Other Information

Cataloger: Yora
Source: https://direct.mit.edu/books/edited-volume/2099/DollarizationDebates-and-Policy-Alternatives
Validator: -
Digital Object Identifier (DOI): https://doi.org/10.7551/mitpress/2481.001.0001
Journal Volume: -
Journal Issue: -
Subtitle: -
Parallel Title: -

Other version/related

No other version available

File Attachment

Dollarization: Debates and Policy Alternatives

Comments

You must be logged in to post a comment