During the early 1980s, the US dollar was very strong, and fiscal deficits were rising. The Plaza Accord in September 1985 ...

We study the effects of an anticipated dollarization, announced today but planned to be implemented at some future date, in a simple open-economy model. Motivated by the profile of countries ...

Dollarization, in a broad sense, is increasingly a defining characteristic of many emerging market economies. How important is this trend quantitatively and how important is it for the conduct of ...