Chapter

Dollarization Does not Make Sense Everywhere

John Williamson

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0010
Dollarization Does not Make Sense Everywhere

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This chapter argues that dollarization should not be debated in the abstract, assuming that the advantages are the same everywhere. Policy should differ in accordance with different circumstances. It urges Mercosur to consider the establishment of its own monetary union, rather than for its members to adopt the currency of another country that is unwilling to share its monetary sovereignty.

Keywords: dollarization; Mercosur; monetary union; currency

Chapter.  1966 words. 

Subjects: International Economics

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