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.
Edited by Dominick Salvatore, Chair of Economics, Fordham University, James W. Dean, Professor of Economics, Simon Faser University, and Thomas D. Willett, Professor of Economics, Claremont Graduate School
"The strength of the book is that it brings together most of the major protagonists from the Americas in debates over dollarization and related matters. There is a refreshing variety of views, with no attempt by the editors to impose a party line." - Review of World Economics
"The book is a timely contribution to an important ongoing but unsettled debate." - Review of World Economics
"The book is well-produced by Oxford University Press, with a usable index. On the whole, the collection is a good read with a strong assembly of authors from academia, think tanks, central banks and the private sector. For anybody unfamiliar with the current debates, it is a good introduction to the issues surrounding
dollarization in the western hemisphere." - Review of World Economics