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The paper reviews the salient features of officially dollarized economies (with particular reference to Panama) and discusses costs and benefits of official dollarization. Also, the paper reviews existing and some potential seigniorage sharing arrangements and discusses conditions that are...
Persistent link: https://www.econbiz.de/10005062684
As more nations in the Western Hemisphere consider adopting the U.S. dollar as their own major currency, this IMF economist separates fact from fiction concerning dollarization. How will the dollarized nations react to U.S. monetary policy over which they will have no say?
Persistent link: https://www.econbiz.de/10005062694
Dollarization is becoming a viable option for a number of countries, but the loss of seigniorage is a major obstacle. The paper looks at the major seigniorage sharing arrangements available and issues that arise in the design of the new arrangements.
Persistent link: https://www.econbiz.de/10005408188
The paper compares the costs and benefits of dollarization for the dollarizing country and the 'anchor' country.
Persistent link: https://www.econbiz.de/10005119461