Goldfajn, Ilan; Olivares, Gino - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2001)
This paper analyzes the case of Panama, one of the largest countries currently adopting the dollar as its legal tender … drawn from the case of Panama are that on one hand, dollarization does not guarantee fiscal discipline, the elimination of … the low interest rates in Panama are a consequence of the dollarization regime or the competitive internationalized …