Is Dollarization the Right Option? Financial Fragility, Original Sin and Fear of Floating (in English)
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
 Attachment [PDF] |  Print  Recommend to others |
