00955nam a22002411i 450099100247799970753620040323223734.0040407s1903 sp |||||||||||||||||spa b12928550-39ule_instARCHE-090816ExLDip.to Scienze StoricheitaA.t.i. Arché s.c.r.l. Pandora Sicilia s.r.l.910Soler y Pérez, Eduardo486701Sierra Nevada y las Alpujarras :notas de viajes y apuntes ... /Eduardo Soler y PérezMadrid :Cuerpo de artillería,19031 v. ;23 cmSierra NevadaDescrizioni e viaggi.b1292855002-04-1416-04-04991002477999707536LE009 GEOG.14.5-24312009000259133le009-E0.00-l- 00000.i1350243816-04-04Sierra Nevada y las Alpujarras304216UNISALENTOle00916-04-04ma -spasp 0105396oam 22014054 450 991096991940332120250426110526.09786613822574978146231348814623134859781452778402145277840X9781282589926128258992X97814519087701451908776(CKB)3360000000443292(EBL)3014492(SSID)ssj0000940036(PQKBManifestationID)11576137(PQKBTitleCode)TC0000940036(PQKBWorkID)10939166(PQKB)10466364(OCoLC)694141175(IMF)WPIEE2006082(MiAaPQ)EBC3014492(IMF)WPIEA2006082WPIEA2006082(EXLCZ)99336000000044329220020129d2006 uf 0engur|n|---|||||txtccrAdopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia? /Liliana Schumacher, Jiro Honda1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (25 p.)IMF Working Papers"March 2006."9781451863420 145186342X Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. PROS OF DOLLARIZATION: ANALYTICAL CONSIDERATIONS AND EMPIRICAL EVIDENCE""; ""III. CONS OF DOLLARIZATION""; ""IV. CHOICES OF CURRENCY REGIMES IN POSTCONFLICT COUNTRIES""; ""V. CONCLUSIONS: IS LIBERIA A CANDIDATE FOR FULL, DE JURE DOLLARIZATION?""; ""References""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 rate regimes in many countries and Liberia's own experience with dollarization, we conclude that Liberia should not adopt full dollarization for the following reasons: (i) the alleged benefits voiced by the proponents of dollarization, in terms of enhanced fiscal discipline and faster economic growth, are not supported by the empirical evidence; (ii) dollarization would increase the Liberian economy's vulnerability to external shocks and Liberia's social fragility; (iii) banks in fully dollarized economies face additional capitalization requirements that Liberian banks cannot meet at present; and (iv) dollarization would be costly in terms of real resources because of the loss of seigniorage.IMF Working Papers; Working Paper ;No. 2006/082Dollar, AmericanMonetary policyLiberiaBankingimfBanks and BankingimfBanks and bankingimfBanksimfCurrenciesimfCurrencyimfDebt ManagementimfDebtimfDepository InstitutionsimfDollarizationimfExchange rate arrangementsimfFinance, PublicimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfGovernment asset and liability managementimfMicro Finance InstitutionsimfMonetary economicsimfMonetary policyimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfMortgagesimfPayment SystemsimfPublic finance & taxationimfPublic FinanceimfRegimesimfSovereign DebtimfStandardsimfLiberiaEconomic conditionsLiberiaEconomic policyLiberiaimfDollar, American.Monetary policyBankingBanks and BankingBanks and bankingBanksCurrenciesCurrencyDebt ManagementDebtDepository InstitutionsDollarizationExchange rate arrangementsFinance, PublicForeign ExchangeForeign exchangeGovernment and the Monetary SystemGovernment asset and liability managementMicro Finance InstitutionsMonetary economicsMonetary policyMonetary SystemsMoney and Monetary PolicyMoneyMortgagesPayment SystemsPublic finance & taxationPublic FinanceRegimesSovereign DebtStandardsSchumacher Liliana1816335Honda Jiro1802746International Monetary Fund.African Dept.DcWaIMFBOOK9910969919403321Adopting Full Dollarization in Postconflict Economies4372344UNINA