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|z 9781451846966
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|a Borensztein, Eduardo.
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|a The Pros and Cons of Full Dollarization /
|c Eduardo Borensztein, Andrew Berg.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper integration into world markets. One cost is the transfer of seigniorage to the United States. The country may also lose the 'exit option' to devalue in the face of major shocks. Similarly, even a country with a currency board may lose some ability to act as lender of last resort to the banking system. We review how various country characteristics influence the balance of arguments.
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|a Mode of access: Internet
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|a Berg, Andrew.
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|a IMF Working Papers; Working Paper ;
|v No. 2000/050
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/050/001.2000.issue-050-en.xml
|z IMF e-Library
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