Dollarization: Debates and Policy Alternatives
 |
|
Описание:
With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the prospect of replacing a national currency with a strong foreign one. Recent examples include the adoption of the US dollar by Ecuador and El Salvador. The introduction of a foreign currency as sole legal tender, termed full (de jure) dollarization, has been the center of much political and academic debate. This book provides a comprehensive analysis of the issues from both theoretical and empirical perspectives. The topics discussed include the role of balance sheet effects, the linkage between currency risk and...Похожие книги
 | Scientific Detectors for Astronomy: The Beginning of a New Era Автор: Amico P., Beletic J.W. Год: 2004 |
 | Brosimum Alicastrum Год: 2011 |
 | Consumer Electronics Год: 2011 |
| New Directions in Dynamical Systems (London Mathematical Society Lecture Note Series) Автор: T. Bedford Год: 1988 |
| Geographic Information Systems in Business Автор: Pick J. B. (Ed) Год: 2004 |
 | Upstream Level B1+: My Language Portfolio Автор: Virginia Evans, Jenny Dooley Год: 2006 |