Chapter

Should Latin America's Common‐Law Marriage to the U.S. Dollar Be Legalized?

James W. Dean

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0021
Should Latin America's Common‐Law Marriage to the U.S. Dollar Be Legalized?

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Informal or “de facto” dollarization, which is well established all over Latin America, may be irreversible. It has rendered monetary policy relatively impotent, and active exchange rate policy dangerous. Thus, full, de jure dollarization may be the only remaining option for these countries.

Keywords: de facto dollarization; Latin America; currency

Chapter.  4042 words. 

Subjects: International Economics

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