Dolarizar, flotar, callar

Leopoldo Fergusson and Juan Vargas

Revista Ecos de Economía, 2003

Abstract: Resumen:El debate entorno a la dolarización ha cobrado importancia en América Latina en los últimos anos y Colombia no es la excepción. A los defensores y contradictores de la propuesta se suman aquellos que consideran irrelevante la discusión. Este artículo revisa los argumentos a favor y en contra de la dolarización así como la evidencia empírica internacional y su relevancia para el caso colombiano. Ni los argumentos teóricos ni los resultados empíricos son concluyentes pues cada beneficio impone un costo y la escasa información no permite discernir claramente el efecto neto.Abstract:The debate about Dollarization has gained relative importance in Latin America over the past years, and Colombia is not to be an exception. To those who are in favor and against, we add the ones that consider the discussion to be irrelevant. This article surveys the pros and cons to Dollarization, just as it reviews the international empirical evidence, and more over, its importance to the Colombian case. Neither the theoretical arguments, nor the empirical results are concluding, since each benefit has its cost, and the lack of information does not help to figure out the net effect

Keywords: Dolarización; Regímenes de tasa de cambio; Colombia. (search for similar items in EconPapers)
JEL-codes: E52 F15 F33 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:col:000442:010807

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