Preview
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
Go to Oxford Scholarship Online » abstract
Full text: subscription required
How to subscribe Recommend to my Librarian
Buy this work at Oxford University Press »
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.