The phenomenon of dollarization and global monetary system
Table of contents
Share
QR
Metrics
The phenomenon of dollarization and global monetary system
Annotation
PII
S0044748X0000617-7-1
Publication type
Article
Status
Published
Edition
Pages
20-30
Abstract
The article is devoted to analysis of two attempts by the US government to introduce the US Dollar as currency in circulation in Latin American countries: at the beginning and at the end of the XX century. The author considers US politics of dollarization as an alternative to monetary integration model, implemented in the EU. The intentions of the dollarization policy, political and economic reasons of its instability as well as predictable crash of the policy during the First World War and in late 1990s have been studied.
Keywords
dollarization, monetary integration, IMF, Gold Standard, Pan-American Union
Date of publication
01.11.2010
Number of purchasers
2
Views
1008
Readers community rating
0.0 (0 votes)
Cite   Download pdf Download JATS

References



Additional sources and materials

  1. L.S u m m e r s. - www.ustreas.gov/press/releases/pr3098.htm <http://www.ustreas.gov/press/releases/pr3098.htm>
  2. P.K r u g m a n. Saving Asia: It's Time to Get Radical. - Fortune, 7.IX.1998, p. 74-80.
  3. H.K a u f m a n. Preventing the Next Global Financial Crisis. - Washington Post, 28.I.1998, A 17.
  4. B.E i c h e n g r e e n. Toward a New International Financial Architecture: A Practical Post- Asia Agenda. Washington, 1999.
  5. S.F i s c h e r. On the Need for an International Lender of Last Resort. - Journal of Economic Perspectives. Pittsburg, 1999, vol. 13. p. 85-104.
  6. S.L.T k a ch e n k o. Amerikanskij bankovskij kapital v Rossii v gody Pervoj mirovoj vojny. Sankt-Peterburg, 1998, s. 17.
  7. E.R o s e n b e r g. Foundations of US International Financial Power: Gold Standard Diplomacy, 1900-1915. - Business History Review. Cambridge, 1985, Vol. 59, N 2. p. 169-202
  8. e g o zh e. Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy 1900-1930. Cambridge, 1999.
  9. J.T.W.H u b b a r d. For each, the strength of all: history of banking in the state of New York. New York, 1995, p. 181.
  10. E.K e m m e r e r. Modern Currency Reform. New York, 1916, p. 169-202.
  11. D.S h e i n i n. Rethinking Pan Americanism: An Introduction. - Beyond the Ideal: Pan Americanism in Inter-American Affairs. Westport, 2000.
  12. W.L a F e b e r. The Panama Canal. Oxford, 1989, p. 73-77.
  13. L.G a r d n e r. Economic Aspects of New Deal Diplomacy. Madison, 1964.
  14. K.K a l kh u n. Teorii modernizatsii i globalizatsii: kto i zachem ikh pridumal? Russkie chteniya. Vypusk 3. Moskva, 2006, s. 17.
  15. E.H e l l e i n e r. The Making of National Money. Territorial Currencies in Historical Perspective. Ithaca & London, 2003, p. 221.
  16. D.B r a n d. Currency Substitution in Developing Countries. Munich, 1993.
  17. O.V.B u t o r i n a. Mezhdunarodnye valyuty: integratsiya i konkurentsiya. M., 2003, s. 125.               
  18. K.M c N a m a r a. Currency of Ideas: Monetary Politics in the European Union. Ithaca, 1998.
  19. United States Senate. Hearing on Official Dollarization in Emerging-Market Countries, Senate Committee on Banking, Housing and Urban Affairs, Subcommittee on Economic Affairs and Subcommittee on International Trade and Finance. Washington, April-July. 1999.
  20. C.M a c k. Dollarization and Cooperation to Achieve Sound Money. Presentation at conference "Dollarization: A Common Currency for the Americas?". - www.dallasfed.org <http://www.dallasfed.org>
  21. T.H.O a t l e y. Monetary Politics: Exchange Rate Cooperation in the European Union. Michigan, 1998, p. 15-16.
  22. L.S u m m e r s. - www.ustreas.gov/press/releases/pr3098.htm <http://www.ustreas.gov/press/releases/pr3098.htm>
  23. Z.B o g e t i c. Full Dollarization: Fad or Future? - Challenge, 2000, Vol. 43, N. 2, p. 1-14.
  24. S.L.T k a ch e n k o. Evropejskaya valyutnaya integratsiya: teoriya i praktika. Sankt- Peterburg., 2008, s. 56-62.

Comments

No posts found

Write a review
Translate