Lessons of the Euro for Dollarization

Harris Dellas and George S. Tavlas

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI:
Lessons of the Euro for Dollarization

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This chapter examines the implications of the euro experiment for dollarization in Latin America. It is argued that for Latin American countries, the potential political benefits of a new currency appears to be less than for euro-area countries. Dollarization would entail greater political costs than a currency board or a flowing exchange rate regime.

Keywords: euro; European monetary union; dollarization; Latin America; currency

Chapter.  5842 words. 

Subjects: International Economics

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