'There is no alternative.'This is the famous pronouncement by former British Prime Minister
Margaret Thatcher when she was faced with widespread opposition to her programme of …

Dollarization is a portfolio shift away from domestic currency to foreign currency, to fulfill the
main functions of money-store of value, unit of account, and medium of exchange. It is …

The Asian financial crisis of 1997-98 shook the foundations of the global economy. What
began as a localised currency crisis soon engulfed the entire Asian region. What went …

This study argues that the costs associated with El Salvador's dollarization clearly outweigh
the benefits and that the decision to dollarize was prompted not only by the need to promote …

In the last few years, the idea of dollarization has surged to the forefront of monetary policy
alternatives for Latin American countries. Several countries have already officially adopted …

Beginning in 1999, US policymakers suddenly began to debate the idea of encouraging
Latin American countries to adopt the US dollar as their domestic currency. In this article, I …

Recent discussions of global architecture have focused on a wide range of financial issues
without touching on the most basic element of the global system: the choice of the means of …

This paper assesses the level of competition in Zimbabwe's banking sector using the Panzar-
Rosse H-statistic. The H-Statistic has been assessed, using the total revenues regression …

Dollarisation has become a topic of intense debate throughout Latin America, raising the
prospect of a vast new currency bloc in the western hemisphere-a potentially pivotal …

The choice of exchange rate regime is a continuing challenge to Latin American
policymakers, who currently face pressure to dollarize their economies. The constraints …