Jump to ContentJump to Main Navigation
The Dollarization Debate$
Users without a subscription are not able to see the full content.

Dominick Salvatore, James W. Dean, and Thomas D. Willett

Print publication date: 2003

Print ISBN-13: 9780195155358

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195155351.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 29 September 2020

Which Countries in the Americas Should Dollarize?

Which Countries in the Americas Should Dollarize?

11 Which Countries in the Americas Should Dollarize?
The Dollarization Debate

Dominick Salvatore (Contributor Webpage)

Oxford University Press

This chapter discusses the benefits and costs of full dollarization. Benefits include lower transaction costs, lower inflation and interest rates, and increased openness and international financial integration. Costs include lost seigniorage, loss of independent monetary and exchange rate policies, and loss of lender of last resort. The best candidates for full dollarization are small countries in Latin America and the Caribbean with small open economies for which the United States is the dominant economic partner.

Keywords:   dollarization, Latin America, benefits, costs, currency

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .