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This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries … (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the … factors, macroeconomic conditions, and the dynamics of money demand In shaping the dollarization process; it also highlights …
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Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
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he opposed currency board regimes or outright dollarization. Nothing could be further from the truth. Over a period of … for developing nations. In fact, he was one of the earliest advocates of dollarization for countries suffering from high … advantages and disadvantages of dollarization and currency boards took place in 1973 in Washington, D.C., during a Congressional …
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inflation. To be effective, dollarization must generate sufficient credibility, which in turn depends critically on whether its … presidential election several options, including dollarization, are being discussed to stabilize prices and put the economy on a … affairs to a foreign jurisdiction. The paper explores whether dollarization can fulfill such role given Argentina's history of …
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