S. Moiseev
Abstract
A great debate is taking place in many countries of the American Continent and in Central and Eastern Europe on the need and benefits of abandoning the national currency in favor of the dollar. The paper analyzes the theories of the central banking and the official dollarization and looks into the perspectives of dollarization in Latin America.
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A great debate is taking place in many countries of the American Continent and in Central and Eastern Europe on the need and benefits of abandoning the national currency in favor of the dollar. The paper analyzes the theories of the central banking and the official dollarization and looks into the perspectives of dollarization in Latin America.
Key concepts: Liberian dollar, Latin Americans, Us dollar, Currency, Economics, Central bank, International economics, Reserve currency