Implementing Official Dollarization

Implementing Official Dollarization
Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
Total Pages: 33
Release: 2010-04-01
Genre: Business & Economics
ISBN: 1455200654


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This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critical institutional bases that are necessary to unilaterally introduce a new legal tender, describes the relevant operational issues to smooth the transition toward the use of the new currency, and identifies key structural reforms that are necessary to favor the sustainability over time of this monetary regime. The paper is aimed at providing preliminary guidance to policy makers and practitioners adopting official dollarization. The paper does not take a position on how appropriate this monetary arrangement is. Experiences from adopting dollarization in Ecuador, El Salvador, Kosovo, Montenegro, and Timor-Leste are illustrated briefly.


Implementing Official Dollarization
Language: en
Pages: 33
Authors: Mr.Luis Ignacio Jácome
Categories: Business & Economics
Type: BOOK - Published: 2010-04-01 - Publisher: International Monetary Fund

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This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critic
Implementing official Dollarization
Language: en
Pages: 31
Authors: Åke Lönnberg
Categories: Business & Economics
Type: BOOK - Published: 2010-04-01 - Publisher: INTERNATIONAL MONETARY FUND

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This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critic
Dollarization and Foreign Countries That Have Dollarized To the U.S. Dollar
Language: en
Pages: 19
Authors: Ed Malo
Categories: Business & Economics
Type: BOOK - Published: 2015-07-23 - Publisher: GRIN Verlag

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Seminar paper from the year 2008 in the subject Economics - Finance, grade: 90, , course: International Trade Seminar, language: English, abstract: The purpose
Official Dollarization: Current Experiences and Issues
Language: en
Pages:
Authors:
Categories:
Type: BOOK - Published: - Publisher:

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The Cato Institute, a public policy research foundation in Washington, D.C., presents an article entitled "Official Dollarization: Current Experiences and Issue
Dollarization as a Monetary Arrangement for Emerging Market Economies
Language: en
Pages:
Authors:
Categories:
Type: BOOK - Published: 2002 - Publisher:

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Official dollarization refers to the adoption of the United States dollar as legal tender in place of the national currency. Some Latin American countries have