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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

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Description 1 online resource (40 pages) : illustrations
Series IMF working paper, 2227-8885 ; 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 Cover title
"December 2002"--Page 1
Bibliography Includes bibliographical references (pages 36-40)
Notes At head of title: Research Department
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 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Monetary policy -- Latin America
Foreign exchange administration -- Latin America -- Evaluation
Currency question -- Latin America
Foreign exchange administration -- Latin America
Foreign exchange administration
Currency question
Monetary policy
Latin America
Form Electronic book
Author Borensztein, Eduardo
Mauro, Paolo
International Monetary Fund. Research Department.
ISBN 1283511762
9781283511766
9781451919448
1451919441
1462367828
9781462367825
1452700591
9781452700595
9786613824219
6613824216