Dollarization: Lessons from Europe for the AmericasLouis-Phillipe Rochon, Mario Seccareccia The use of the US dollar for domestic monetary transactions outside the USA has gone on for many years now - Panama in 1904 being the earliest example. Since the advent of the Euro, the debate over the benefits of monetary integration has warmed up - particularly for NAFTA countries.This collection, with contributions from experts such as Philip Ar |
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... Fiscaland currentaccount balances of the South by fiscal tightening 10.5 Fiscal stance, and current expenditure and tax revenue 10.6 Fiscal tightening and global recession Tables 2.1 Investment in the euro area and current account.
... Fiscaland currentaccount balances of the South by fiscal tightening 10.5 Fiscal stance, and current expenditure and tax revenue 10.6 Fiscal tightening and global recession Tables 2.1 Investment in the euro area and current account.
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... 1992 Treaty on Monetary Union (Maastricht) 5.2 Stage3oftheTreaty on Monetary Union (Maastricht) 9.1 Foreign ownershipof banking assets (%) – 1994–8 10.1 Theflow/stock transaction and balance sheet matrices C o n t r i b u t o.
... 1992 Treaty on Monetary Union (Maastricht) 5.2 Stage3oftheTreaty on Monetary Union (Maastricht) 9.1 Foreign ownershipof banking assets (%) – 1994–8 10.1 Theflow/stock transaction and balance sheet matrices C o n t r i b u t o.
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... forCanada. The author believes thatthe case for dollarizing LatinAmerica rests on sixgrounds: (1) dangerousexposure of both banks'and firms' balance sheets to currency risk; (2) related currency and country risk premiums on.
... forCanada. The author believes thatthe case for dollarizing LatinAmerica rests on sixgrounds: (1) dangerousexposure of both banks'and firms' balance sheets to currency risk; (2) related currency and country risk premiums on.
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Contents
Section 17 | |
Section 18 | |
Section 19 | |
Section 20 | |
Section 21 | |
Section 22 | |
Section 23 | |
Section 24 | |
Section 9 | |
Section 10 | |
Section 11 | |
Section 12 | |
Section 13 | |
Section 14 | |
Section 15 | |
Section 16 | |
Section 25 | |
Section 26 | |
Section 27 | |
Section 28 | |
Section 29 | |
Section 30 | |
Section 31 | |
Other editions - View all
Dollarization: Lessons from Europe for the Americas Louis-Phillipe Rochon,Mario Seccareccia Limited preview - 2003 |
Dollarization: Lessons from Europe and the Americas Louis-Philippe Rochon,Mario Seccareccia No preview available - 2003 |
Dollarization: Lessons from Europe for the Americas Louis-Phillipe Rochon,Mario Seccareccia No preview available - 2014 |
Common terms and phrases
American Monetary Union andthe argue arguments assets balance bonds budget bythe Canadian capital common currency constraints Corsetti costs countries Courchene currency union debt deficit demand shocks developments dollarization domestic Economic and Monetary Eichengreen electronic Electronic Money euro area Europe European Central Bank European Monetary Union European Union eurozone exchange rate exchangerate expected export Federal Reserve Figure financial markets fiscal policy foreign fromthe Functional Finance German Godley growth Hausmann income increase institutions interest rate differential inthe investment issue Latin America longterm Maastricht Maastricht Treaty macroeconomic Marterbauer Mengerian monetary integration monetary policy Mundell NAMU national central North American Monetary ofthe euro onthe optimum currency area Ottawa Paper Parguez payments system percent perspective Phillips curve political productivity relative Seccareccia sector seigniorage seigniorage revenues shortterm Smithin spending stability thatthe theECB theeuro theUS tobe tothe trade transactions Treaty unemployment Washington DC willbe withthe