Dollarization

A detailed Summary of Dollarization


Richard W. Stevenson's article "Greenspan View on Wider Use of Dollar" discusses a process he refers to as dollarization. According to Mr. Stevenson, "A number of countries have been considering abandoning their national currencies and adopting the American dollar-the accepted international benchmark of stability-as a way of reducing interest rates, inflation, and exchange rate volatility." It is this process that he refers to as dollarization. According to the article, several countries already use the d



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Approximate Word count = 343
Approximate Pages = 1 (250 words per page double spaced)

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