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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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Introduction

Introduction

Chapter:
(p.3) Introduction
Source:
The Dollarization Debate
Author(s):

Dominick Salvatore (Contributor Webpage)

James W. Dean (Contributor Webpage)

Thomas D. Willett (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0195155351.003.0001

This introductory chapter begins with an overview of the dollarization debate, which essentially calls for the reevaluation of countries’ exchange rate policies. It argues that although dollarization has been effective in stopping high inflation, it has been less reliable in providing fiscal discipline and promoting flexible labour markets. Brief descriptions of the papers included in this volume are presented.

Keywords:   dollarization, exchange rate policy, currency

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