Adopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia? »
Series: IMF Working Papers
Author(s): Liliana Schumacher , and Jiro Honda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
Keywords: postconflict economy, exchange rate, exchange rate regimes, exchange rate regime, foreign exchange,
This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict economy, to boost growth and strengthen fiscal discipline. In view of the performance of exchange ra...