During the 1990s the NAFTA has stimulated a process of financial integration which was not properly anticipated at the beginning of the decade or regulated under the treaty arrangement. The secular process of private sector currency substitution ('dollarisation') stimulated by successive...

During the 1990s the NAFTA has stimulated a process of financial integration which was not properly anticipated at the beginning of the decade or regulated under the treaty arrangement. The secular process of private sector currency substitution ("dollarisation") stimulated by successive...

In this working paper, E. V. K. FitzGerald, of the Finance and Trade Policy Research Center at the Oxford University, investigates roles that the International Monetary Fund (IMF) might play given its mandate to provide institutional support for a global capital market that can promote trade and...