transition economies have been increasing rapidly. This paper takes a first look at the evidence on dollarization for 15 … has been observed in Latin America, however, dollarization has fallen substantially in the aftermath of successful …, the fall in dollarization can be primarily attributed to higher real returns on domestic-currency assets, as a result of …

monetary union and for dollarization proposals. We discuss: 1) the capacity of such a regime to deal with real and nominal … dollarization and 5) the feasibility of a single–peg CB in a flexible exchange rate world. …