Copyright Page
IMF Country Report No. 21/187
KINGDOM OF THE NETHERLANDS—CURAÇAO AND SINT MAARTEN
SELECTED ISSUES
August 2021
This Selected Issues paper on the Kingdom of the Netherlands—Curaçao and Sint Maarten was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on July 15, 2021.
Copies of this report are available to the public from
International Monetary Fund • Publication Services
PO Box 92780 • Washington, D.C. 20090
Telephone: (202) 623–7430 • Fax: (202) 623–7201
E-mail: publications@imf.org Web: http://www.imf.org
Price: $18.00 per printed copy
International Monetary Fund
Washington, D.C.
© 2021 International Monetary Fund
Title page
KINGDOM OF THE NETHERLANDS CURAÇAO AND SINT MAARTEN
SELECTED ISSUES
July 15, 2021
Approved By
Western Hemisphere Department
Prepared By Tom Dowling, Dmitriy Kovtun and Atsushi Oshima
Contents
CURAÇAO AND SINT MAARTEN MONETARY UNION: CONSIDERATIONS ON DOLLARIZATION
A. Context
B. Economic Structure of the Monetary Union of Curaçao and Sint Maarten
C. Benefits and Costs of Official Dollarization: Literature Review
D. Institutional Arrangements in Dollarized Economies
E. Curaçao and Sint Maarten: Considerations on Dollarization
TABLES
1. Officially Dollarized Economies
2. Financial System Oversight in Officially Dollarized Economies
References