Schumacher, Liliana; Honda, Jiro - International Monetary Fund (IMF) - 2006
countries and Liberia's own experience with dollarization, we conclude that Liberia should not adopt full dollarization for the … following reasons: (i) the alleged benefits voiced by the proponents of dollarization, in terms of enhanced fiscal discipline … and faster economic growth, are not supported by the empirical evidence; (ii) dollarization would increase the Liberian …