Hidden Bibliographic Details
| Other authors / contributors: | Borensztein, Eduardo.
Mauro, Paolo.
International Monetary Fund. Research Department.
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| ISBN: | 1283511762
9781283511766
9781451919448
1451919441
1462367828
9781462367825
1452700591
9781452700595
9786613824219
6613824216
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| Notes: | Cover title.
"December 2002"--Page 1
At head of title: Research Department.
Includes bibliographical references (pages 36-40).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other, and are affected by common international financial shocks only to the same extent as the average pair of emerging markets. Unilateral dollarization would be desirable only for those countries where there are strong links to the U.S. economy, the credibility of the monetary authorities is irreversibly lost, and there is keen demand for dollar-denominated financial assets. Finally, some countries in the region seem to be good candidates for meaningful and useful floating.
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| Other form: | Print version: Berg, Andrew. Evaluation of monetary regime options for Latin America. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451919448.001
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