Chapter

Introduction

Dominick Salvatore, James W. Dean and Thomas D. Willett

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0001
Introduction

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This introductory chapter begins with an overview of the dollarization debate, which essentially calls for the reevaluation of countries’ exchange rate policies. It argues that although dollarization has been effective in stopping high inflation, it has been less reliable in providing fiscal discipline and promoting flexible labour markets. Brief descriptions of the papers included in this volume are presented.

Keywords: dollarization; exchange rate policy; currency

Chapter.  5368 words. 

Subjects: International Economics

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