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The Dollarization Debate$
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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

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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: 27 September 2020

Pressures for Currency Consolidation in Insurance and Finance

Pressures for Currency Consolidation in Insurance and Finance

Are the Currencies of Financially Small Countries on the Endangered List?

12 Pressures for Currency Consolidation in Insurance and Finance
The Dollarization Debate

George M. von Furstenberg

Oxford University Press

E-commerce, regional economic integration, and global liberalization have eroded the monopoly of small currencies in their home markets. These factors now threaten the continued viability of these currencies in the medium-term. Partial currency consolidations are likely to be unsuitable in the new environment leading to regional monetary union.

Keywords:   currency consolidation, e-commerce, exchange rates, monetary union

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