Schumacher, Liliana - 2006
This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict … countries and Liberia''s own experience with dollarization, we conclude that Liberia should not adopt full dollarization for the … economy''s vulnerability to external shocks and Liberia''s social fragility; (iii) banks in fully dollarized economies face …