Table of contents alert
Do you want to receive an email alert about new issue?


Volume 54, Issue 5 -6


Is Dollarization the Right Option? Financial Fragility, Original Sin and Fear of Floating (in English)

Horváth, Roman

Year: 2004   Volume: 54   Issue: 5 -6   Pages: 252-266

Abstract: This paper focuses on the option of dollarization or euroization for emerging-market economies. There are no “one-size-fits-all” exchange-rate policies for emerging- -market economies; however, there are macroeconomic disadvantages associated with flexible exchange-rate regimes in such economies. Similarly, the timing of euro adoption in EU accession countries is a complex matter as well. The paper compares the costs and benefits of euro adoption, in particular to unilateral euroization.

JEL classification: E32, F42, E42, F33

Keywords: dollarization, euroization, exchange-rate regimes, emerging-market economies


RePEc: n/a

pdf Attachment [PDF] print Print   Recommend to others Recommend to others