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Dollarization in El Salvador: Revisited

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  • Rivera-Solis, Luis Eduardo

Abstract

The economic crisis in different parts of Latin America has given rise to consideration of dollarization as an option for many of these countries. Those countries that seek to replace their domestic currencies with the US dollar do so with the hope of achieving both growth and economic stability. At the beginning of 2001, El Salvador began a bold experiment of with dollarization. According to many economists, dollarization does nothing to resolve structural and institutional problems which, in many cases, give rise to economic problems. The purpose of this paper is to address the dollarization in El Salvador. This paper will address both the costs and benefits facing the path that El Salvador has chosen

Suggested Citation

  • Rivera-Solis, Luis Eduardo, 2012. "Dollarization in El Salvador: Revisited," MPRA Paper 60087, University Library of Munich, Germany, revised Jan 2012.
    • Handle: RePEc:pra:mprapa:60087
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    File URL: https://mpra.ub.uni-muenchen.de/60087/1/MPRA_paper_60087.pdf
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    References listed on IDEAS

    as
    1. Alex Izurieta, 2002. "Dollarization: A Dead End," Economics Working Paper Archive wp_344, Levy Economics Institute.
    2. Mr. Andrew J Swiston, 2011. "Official Dollarization As a Monetary Regime: Its Effectson El Salvador," IMF Working Papers 2011/129, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Dollarization;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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