The dollarization debate

ContributorsIntroduction, Dominick Salvatore, James W. Dean, and Thomas D. WillettPart I. General AnalysisA Visionary's View1. Currency Areas, Exchange Rate Systems, and International Monetary Reform, Robert MundellDe Facto Dollarization2. Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities, and Irreversibility, Edgar L. Feige, Michael Faulend, Velimir &Sonje, and Vedran &So&sicPros and Cons3. The Pros and Cons of Full Dollarization, Andrew Berg and Eduardo R. Borensztein4. Is It Time for a Common Currency for the Americas?, Vittorio Corbo5. Dollarization: Myths and Realities, Sebastian Edwards6. What Problems Can Dollarization Solve?, Barry Eichengreen7. What Use Is Monetary Sovereignty?, Kurt SchulerOne Regime for All Countries?8. The OCA Approach to Exchange Rate Regimes: A Perspective on Recent Developments, Thomas D. Willett9. Dollarization Does Not Make Sense Everywhere, John Williamson10. The Problem of Dollar Encroachment in Emerging Markets, Ronald I. McKinnon11. Which Countries in the Americas Should Dollarize?, Dominick Salvatore12. Pressures for Currency Consolidation in Insurance and Finance: Are the Currencies of Financially Small Countries on the Endangered List?, George M. von FurstenbergPart II. Political Economy13. Monetary Union: The Political Dimension, Benjamin J. Cohen14. Latin American Official Dollarization: Political Economy Aspects, Jurgen Schuldt15. The Political Economy of Dollarization in Mexico, Nancy Neiman Auerbak and Aldo Flores-Quiroga16. Lessons of the Euro for Dollarization: Analytic and Political Economy Perspectives, Harris Dellas and George S. TavlasPart III. North America17. North American Currency Integration: A Canadian Perspective, Thomas J. Courchene and Richard G. Harris18. The Merit of a North American Monetary Union, Herbert G. Grubel19. Why Canada Needs a Flexible