The Dollarization Debate [Hardcover]

This book takes a global approach, with an emphasis on North and Latin America respectfully, by discussing one of today's most controversial topics in business; Dollarization. With the collapse of the former Soviet Union, and the formation of the Euro in Europe, many countries and debating whether or not a common currency is in their best interest. This intriguing volume brings together the leading participants in the current dollarization debates. Many advocate the notion of a common currency, while others feel that in doing so will create financial costs for all that take part, with the severity varying from country to country.

Contributors
Introduction,Dominick Salvatore, James W. Dean, and Thomas D. Willett
Part I. General Analysis
A Visionary's View
1. Currency Areas, Exchange Rate Systems, and International Monetary Reform,Robert Mundell
De Facto Dollarization
2. Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities, and Irreversibility,Edgar L. Feige, Michael Faulend, Velimir &Sonje, and Vedran &So&si?
Pros and Cons
3. The Pros and Cons of Full Dollarization,Andrew Berg and Eduardo R. Borensztein
4. Is It Time for a Common Currency for the Americas?,Vittorio Corbo
5. Dollarization: Myths and Realities,Sebastian Edwards
6. What Problems Can Dollarization Solve?,Barry Eichengreen
7. What Use Is Monetary Sovereignty?,Kurt Schuler
One Regime for All Countries?
8. The OCA Approach to Exchange Rate Regimes: A Perspective on Recent Developments,Thomas D. Willett
9. Dollarization Does Not Make Sense Everywhere,John Williamson
10. The PrlÓË