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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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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?

Chapter:
12 Pressures for Currency Consolidation in Insurance and Finance
Source:
The Dollarization Debate
Author(s):

George M. von Furstenberg

Publisher:
Oxford University Press
DOI:10.1093/0195155351.003.0013

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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