The Pros and Cons of Full Dollarization

The Pros and Cons of Full Dollarization
We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper integration into world markets. One cost is the transfer of seigniorage to the United States. The country may also lose the "exit... READ MORE...

Publication date: March 2000
ISBN 9781451846966
$15.00

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