Optimal Currency Area, Dollarization, and the Choice of Currency
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This paper contains Part III of my book Playing Monopoly with the Devil: Dollarization and Local Currencies in Developing Countries, New Haven: Yale University Press, 2006, pp. 195-234. The conventional optimal currency area theory What are the implications of the analysis of the previous parts of the book for the fundamental question about the choice of a currency regime: should a country have a currency of its own or adopt an international one? This question is the subject of this part, the last of the book.
Optimal Currency Area, Dollarization, and the Choice of Currency
Optimal Currency Area, Dollarization, and the…
Optimal Currency Area, Dollarization, and the Choice of Currency
This paper contains Part III of my book Playing Monopoly with the Devil: Dollarization and Local Currencies in Developing Countries, New Haven: Yale University Press, 2006, pp. 195-234. The conventional optimal currency area theory What are the implications of the analysis of the previous parts of the book for the fundamental question about the choice of a currency regime: should a country have a currency of its own or adopt an international one? This question is the subject of this part, the last of the book.