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What Do We Expect from Dollarization ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Pou, Pedro |
| Copyright Year | 2000 |
| Abstract | Implicit throughout this conference has been the assumption that something is wrong with the international monetary system, and that whatever that something is, it has been the primary cause of the financial crises that we have seen, starting in Thailand in July 1997 and spreading across other countries in Asia, to Russia, and then finally to Latin America via Brazil. Many people have suggested that increased capital flows, as well as globalization, are to blame for the recent crises. Our more interconnected world may have led to new rewards but certainly to new risks, and those new risks have not been well contained. I think it is useful to gain some historical perspective on this issue, because it is not in fact very clear that we are now in a more “globalized” world than we were in previous periods—in particular, at the start of this century. A study published in the IMF World Economic Outlook of 1997 suggested the following: |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.bostonfed.org/economic/conf/conf43/243p.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
