| Last but not least, full dollarization can improve the global economy by allowing for easier integration of economies into the world's market. |
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| The dollarization of local savings and credits played important roles in agents' perceptions and behavior. |
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| The appreciated exchange rate and the partial dollarization of the local banking system are not necessary ingredients of a currency board regime. |
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| He had disclosed his intention to carry on the dollarization programme set up by his predecessor. |
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| Where inflation and nominal interest rates are very high, dollarization may improve government finances by increasing real revenue. |
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| In particular, he emphasizes the loss of seigniorage as a result of moving from national currency to dollarization. |
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| Inflation rates and past depreciation in the exchange rate were largely used as explanatory variables for dollarization. |
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| Leaders also revealed plans for a 48-hour stoppage on May 1 against the dollarization of the currency and for freedom for political prisoners. |
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| For years a good part of the economics profession has been telling it to scrap the currency board in favor of dollarization. |
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| They know from elsewhere that the dollarization process would hit them particularly hard. |
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| Despite these protests, the government has insisted that dollarization is in the best interest of its citizens. |
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| The demonstrations rejected dollarization, corruption and the high cost of living. |
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| The costs of official dollarization compared with a currency board are somewhat different. |
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| The discontentment resurfaced when bank savings accounts were frozen, a step needed to implement the dollarization. |
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| My proposal for dollarization, combined with my endorsement of foreign buyouts of banks, led to the Yankee-imperialism charge. |
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| My prediction is that dollarization will continue to help with these problems, although political impasses will sometimes occur. |
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| A high degree of dollarization and downward pressures on the currency are the main risks over the short term. |
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| In our ongoing analysis of international financial architecture, the author argues that dollarization is at most a second-best answer to currency confusion. |
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| The movement was unable to prevent dollarization or to reverse the process once it was instituted. |
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| Monetarists have also defended the use of currency boards and direct dollarization, that is, the abandonment of domestic currencies, for the same reason. |
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| The easiest to implement would be dollarization at current parity. |
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| I would argue that its economic future would be jeopardized by elimination of the currency board and that a better course would involve full dollarization. |
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| In your view, would dollarization make any sense for a country like Canada? |
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| The result is what economists refer to as the dollarization of Vietnam's economy. |
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| In qualitative terms, the benefits of official dollarization also apply to a currency board system, although their quantitative significance will vary from country to country. |
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| In conclusion, in Ecuador, the dollarization process had shielded the economy from political crisis, protected the banks and generated trust, which had in turn led to increased bank deposits. |
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| The shift comes after the value of the sucre dropped from 6,200 to the dollar at the beginning of 1999 to 25,000 to the dollar in January of this year, when dollarization was decreed. |
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| The dollar goes a long way here, and even though dollarization means things will get a little more expensive, we are going to continue to be a cheap destination for the next few years. |
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| Economists worry about the increased dollarization of the Egyptian economy — that companies and households will hoard dollars and other hard currencies to secure against the devaluation of the pound. |
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| We are not drifting towards dollarization. |
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| Public confidence in the strength of the financial system remained rather low, as evidenced by the low level of bank deposits and the high level of dollarization. |
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| Good solvency and liquidity indicators notwithstanding, the banking sector has remained weakened by the extent of the dollarization and the offshore sector. |
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| What I want to do today is to discuss the benefits and costs of a floating exchange rate versus dollarization at the present time, given the current degree of integration of the U. S. and Canadian economies. |
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| This trend strengthens the determination of Zodiac to pursue its manufacturing hedging strategy, with the emphasis on dollarization initiatives and growth in low-cost countries. |
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| The evidence that they present suggests that many of the concerns that have been expressed about the imminent dollarization of the Canadian economy are misplaced. |
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| The increasing interest rates, dollarization and substitution of deposits for short-term financial assets provide downside risks to financial stability. |
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| It shows how dollarization has allowed Zimbabwe to quash hyperinflation, restore stability, increase budgetary discipline, and reestablish monetary credibility. |
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| Dollarization at current parity would eliminate the currency risk on Argentina's debt so rates could come down. |
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| Dollarization notwithstanding, the large issuance of the Somali shilling has increasingly fuelled price hikes, especially for low value transactions. |
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| Dollarization notwithstanding, the large issuance of the Somali shilling has increasingly fueled price hikes, especially for low value transactions. |
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