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Magical Tome

Cover of Full dollarization
First published
2000
Publisher
International Monetary Fund
Pages
19 pages
ISBN
9781557759931

Full dollarization

The outer archives are busy

by Andrew Berg, Eduardo Borensztein

About this book

Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares with currency board option.

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