Description |
1 online resource (40 pages) : illustrations |
Series |
IMF working paper, 2227-8885 ; WP/02/211 |
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IMF working paper ; WP/02/211.
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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 |
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"December 2002"--Page 1 |
Bibliography |
Includes bibliographical references (pages 36-40) |
Notes |
At head of title: Research Department |
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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 |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Monetary policy -- Latin America
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Foreign exchange administration -- Latin America -- Evaluation
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Currency question -- Latin America
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Foreign exchange administration -- Latin America
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Foreign exchange administration
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Currency question
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Monetary policy
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Latin America
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Form |
Electronic book
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Author |
Borensztein, Eduardo
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Mauro, Paolo
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International Monetary Fund. Research Department.
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ISBN |
1283511762 |
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9781283511766 |
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9781451919448 |
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1451919441 |
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1462367828 |
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9781462367825 |
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1452700591 |
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9781452700595 |
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9786613824219 |
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6613824216 |
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