01823cas a2200265 a 4500 AALejournalIMF002209 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874853 1018-5941 BD-DhAAL BD-DhAAL Berg, Andrew. An Evaluation of Monetary Regime Options for Latin America / Andrew Berg, Paolo Mauro, Eduardo Borensztein. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other, and are affected by common international financial shocks only to the same extent as the average pair of emerging markets. Unilateral dollarization would be desirable only for those countries where there are strong links to the U.S. economy, the credibility of the monetary authorities is irreversibly lost, and there is keen demand for dollar-denominated financial assets. Finally, some countries in the region seem to be good candidates for meaningful and useful floating. Mode of access: Internet Borensztein, Eduardo. Mauro, Paolo. IMF Working Papers; Working Paper ; No. 2002/211 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/211/001.2002.issue-211-en.xml IMF e-Library