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Testimony On Full Dollarization

dc.contributor.authorCalvo, Guillermo A.
dc.descriptionPresented Before a Joint Hearing of the Subcommittees on Economic Policy and International Trade and Finance Washington, DC, April 22, 1999.en
dc.description.abstractI will discuss the motivation and potential benefits of full dollarization, namely, abandoning domestic currency (identified with the peso) and adopting a foreign currency (identified with the U.S. dollar), with special reference to emerging-market economies. I will argue, first, that full dollarization is especially advantageous for countries with large dollar debts, and, second, that in these economies standard criticisms against full dollarization are largely unwarranted.en
dc.format.extent21985 bytes
dc.subjectfull dollarizationen
dc.subjectforeign currencyen
dc.subjectdomestic currencyen
dc.subjectdollar debten
dc.subjectliability dollarizationen
dc.titleTestimony On Full Dollarizationen
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us

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