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Author Berg, Andrew.

Title An evaluation of monetary regime options for Latin America / Andrew Berg, Eduardo Borensztein, and Paolo Mauro
Published [Washington, D.C.] : International Monetary Fund, [2002]
©2002
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Description 1 online resource (40 pages) : illustrations
Series IMF working paper ; WP/02/211
IMF working paper ; WP/02/211
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
Notes "December 2002"--Page [1]
At head of title: Research Department
Cover title
Bibliography Includes bibliographical references (pages 36-40)
Notes Print version record
Subject Currency question -- Latin America.
Foreign exchange administration -- Latin America -- Evaluation.
Monetary policy -- Latin America.
Form Electronic book
Author Borensztein, Eduardo.
Mauro, Paolo.
International Monetary Fund. Research Department.
ISBN 1283511762
1451919441 (E-Book)
9781283511766
9781451919448