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100   $a20100902d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aIntroducing the Euro as legal tender$b[electronic resource] $ebenefits and costs of Eurorization for Cape Verde /$fPatrick Imam
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (36 p.)
225 1 $aIMF working paper ;$vWP/09/146
300   $aDescription based upon print version of record.
311   $a1-4519-1722-8 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Characteristics of Eurorization/Dollarization Countries; Tables; 1. List of Dollarized Economies; III. Potential Benefits and Costs of Eurorization for Cape Verde; Boxes; 1. Loss of Seignorage Revenue: Theory and Evidence; 2. Present Value Loss of Seignorage Revenue (as a share of GDP); Figures; 1. Debt With and Without Access to Seignorage Revenue, 2008-28; 3. Seignorage Gains for CEECs; 2. Growth Effect of Euroriztion is Temporary, not Permanent; IV. Econometric Analysis of the Characteristics of Dollarized Economies; A. Determinants of Exchange Rate Choice
327   $a4. Comparing Merits of Different Fixed Exchange Rate Regimes with Cape Verde Current PegB. Data; C. Estimation; 5. Choice of Exchange Rate Regime (Dollarized Economies); 6. Choice of Exchange Rate Regime (Hard Pegs); 7. Choice of Exchange Rate Regime (Dollarized, Other Hard Pegs and Non-Hard Pegs); V. Practical Aspects of Successful Eurorization; 2. Some Practical Aspects of Introducing the Euro; VI. Conclusion; References; Appendix; 1. History of Cape Verdean Exchange Rate Arrangements
330   $aIn recent years, recommendations for countries to unilaterally dollarize/eurorize have become common, particularly when the countries lack economic credibility. After exploring the characteristics of dollarizing/eurorizing economies, we look at the merits and costs of unilateral eurorization for Cape Verde, a highly tourism based economy that has become increasingly integrated into the euro-zone area and that has a strong macroeconomic track record. We illustrate that neither the benefits nor the costs of unilateral eurorization are large and conclude that there is no compelling case to change
410  0$aIMF working paper ;$vWP/09/146.
606   $aEuro-dollar market
606   $aForeign exchange rates$zCape Verde
608   $aElectronic books.
615  0$aEuro-dollar market.
615  0$aForeign exchange rates
700   $aImam$b Patrick$0910646
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464017203321
996   $aIntroducing the Euro as legal tender$92273594
997   $aUNINA