01854cas a2200253 a 4500 AALejournalIMF006416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455200658 1018-5941 BD-DhAAL BD-DhAAL Lonnberg, Ake. Implementing Official Dollarization / Ake Lonnberg, Luis Jacome. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (31 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 This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critical institutional bases that are necessary to unilaterally introduce a new legal tender, describes the relevant operational issues to smooth the transition toward the use of the new currency, and identifies key structural reforms that are necessary to favor the sustainability over time of this monetary regime. The paper is aimed at providing preliminary guidance to policy makers and practitioners adopting official dollarization. The paper does not take a position on how appropriate this monetary arrangement is. Experiences from adopting dollarization in Ecuador, El Salvador, Kosovo, Montenegro, and Timor-Leste are illustrated briefly. Mode of access: Internet Jacome, Luis. IMF Working Papers; Working Paper ; No. 2010/106 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/106/001.2010.issue-106-en.xml IMF e-Library