Als Ursache für die internationale Finanzkrise werden immer wieder die globalen Zahlungsbilanzungleichgewichte genannt. Wie belastbar ist dieser Erklärungsansatz, auch vor dem Hintergrund zunehmender Ungleichgewichte in der Euro-Zone – also in Staaten, die den Wechselkurs ihrer Währungen am...

Official and unilateral dollarisation/euroisation has become a common policy advice for emerging market economies. Against this background, the paper provides a comprehensive review of all the main cases of dollarisation/euroisation, analysing motives, features and policy implications of this...

Euroisation/dollarisation - the replacement of the domestic currency by a foreign currency, mostly the US dollar or the euro - has regained significant popularity in recent years, as it is generally regarded as a viable "corner solution" for exchange rate regimes. Part of its attractiveness is...