Munich Personal RePEc Archive

¿Es la dolarización oficial una opción real para las economías emergentes?

Cruz-Rodríguez, Alexis (2005): ¿Es la dolarización oficial una opción real para las economías emergentes? Published in: Ciencia & Sociedad , Vol. XXX, No. 2 (June 2005): pp. 293-315.

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Abstract

This paper analyzes the costs and benefits for an emerging economy to formally adopt dollarization. The magnitude of the costs and benefits involved in this process will not be the same for all countries and depend on the particular characteristics of each economy as well as its relationship with the country's own currency and other officially dollarized countries with the same currency. Countries adopting full dollarization of its economy profit immensely as low inflation and low interest rates but it are unclear to have a positive impact on economic growth. The degree of partial dollarization the economy has before starting a full dollarization plays a key role in determining the costs of the measure.

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