Dollarisation in Theory and Practice

John C. B. Cooper

World Economics, 2004, vol. 5, issue 4, 79-89

Abstract: Dollarisation involves the replacement of a soft domestic currency with a hard foreign alternative. This paper explains the different forms that dollarisation can take, its consequences for an economy, and concludes by exploring the experience of Panama, a country dollarised since 1904.

Date: 2004
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