Adopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia?

Would the Gains Compensate for the Losses in Liberia?

Adopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia?
This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict economy, to boost growth and strengthen fiscal discipline. In view of the performance of exchange rate regimes in many countries and Liberia's own experience with dollarization, we conclude that Liberia should not adopt full... READ MORE...

Publication date: March 2006
ISBN 9781451863420
$15.00

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