Dollarization
Published in The Wiley-Blackwell Encyclopedia of Globalization • Apr 25, 2013
NobleIDNI5P01W60R79S93
Authors:,
David Fields
Matías Vernengo
Abstract
Abstract The expression “dollarization” has at least two different meanings. In the narrow sense, it refers to massive currency substitution, in which a country, most likely a developing one, supplements its domestic unit account of fiduciary reserve assets with a foreign currency, more often than n...
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