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Dollarization in Latin America: 2004 and Beyond

In: Monetary Integration and Dollarization

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  • Kenneth P. Jameson

Abstract

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best.

Suggested Citation

  • Kenneth P. Jameson, 2006. "Dollarization in Latin America: 2004 and Beyond," Chapters, in: Matías Vernengo (ed.), Monetary Integration and Dollarization, chapter 14, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3483_14
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    Cited by:

    1. Kurasawa, Kazutaka & Marty, Alvin L., 2007. ""Optimal" inflation under dollarization," Journal of International Money and Finance, Elsevier, vol. 26(2), pages 251-264, March.

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    Keywords

    Economics and Finance;

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