Testimony On Full Dollarization
| dc.contributor.author | Calvo, Guillermo A. | |
| dc.date.accessioned | 2007-01-18T19:51:00Z | |
| dc.date.available | 2007-01-18T19:51:00Z | |
| dc.date.issued | 1999-04-22 | |
| dc.description | Presented Before a Joint Hearing of the Subcommittees on Economic Policy and International Trade and Finance Washington, DC, April 22, 1999. | en |
| dc.description.abstract | I 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.extent | 21985 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.uri | http://hdl.handle.net/1903/4033 | |
| dc.language.iso | en_US | en |
| dc.relation.isAvailableAt | Digital Repository at the University of Maryland | en_us |
| dc.relation.isAvailableAt | Economics Department | en_us |
| dc.relation.isAvailableAt | College of Behavioral and Social Sciences | en_us |
| dc.relation.isAvailableAt | University of Maryland (College Park, Md.) | en_us |
| dc.subject | full dollarization | en |
| dc.subject | foreign currency | en |
| dc.subject | domestic currency | en |
| dc.subject | dollar debt | en |
| dc.subject | liability dollarization | en |
| dc.title | Testimony On Full Dollarization | en |
| dc.type | Presentation | en |