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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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Monetary Union

Monetary Union

The Political Dimension

(p.221) 13 Monetary Union
The Dollarization Debate

Benjamin J. Cohen

Oxford University Press

This chapter focuses on the political dimension of monetary union — key domestic and international political issues involved when sovereign states consider either currency unification or formal dollarization. It examines the role of policies in the context of two distinct stages: at the time when the initial decision is made to create a monetary union, and as part of what determines the sustainability of the endeavor. Implications for Canada and Latin America are discussed.

Keywords:   political dimension, monetary union, dollarization, currency unification

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