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Dollarization: Debates and Policy Alternatives (MIT Press)

Eduardo Levy Yeyati, Federico Sturzenegger




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 | #3416123 in eBooks |  2002-11-22 |  2002-11-22 | File type: PDF

||0 of 0 people found the following review helpful.| good and unbiased intro to a much politicized topic|By ken|As opposed to most of the literature on the topic (de jure/formal/full dollarization Salvadorean style; NOT de facto financial dollarization that characterizes many developing countries), this volume succeeds in presenting a balanced compendium of papers that summarizes the main issues, informing the reader without tryi| ||This is a timely volume. It collects a number of important contributions on a highly controversial issue: Should the emerging countries have a currency of their own? The papers in this collection address some very important questions, including those related

With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the pro...

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