| LC control no. | sh2007020098 |
|---|---|
| Topical heading | Dollarization |
| See also | Monetary policy |
| Found in | Work cat.: Öner, C. Essays on dollarization, 2007: p. 1 ("The use of foreign currency either as a store of value, a unit of account, or as a medium of exchange can broadly be defined as dollarization and is usually observed in economies that have experienced high inflation or rapid depreciation") Basics of dollarization, 1999, via WWW, viewed Dec. 10, 2007 (Dollarization occurs when residents of a country extensively use foreign currency alongside or instead of the domestic currency. Dollarization can occur unofficially, without formal legal approval, or it can be official, as when a country ceases to issue a domestic currency and uses only foreign currency.) American heritage dictionary of the Engl. lang., via WWW, Dec. 7, 2007 (dollarization: The replacement of a country's system of currency with U.S. dollars) OED online, Dec. 7, 2007 (The action or process of basing the value of a national currency upon that of the U.S. dollar; also, the tendency of an economy to become dominated by U.S. influence) Berg, A. Full dollarization, via WWW, Dec. 7, 2007 ("The term dollarization is shorthand for the use of any foreign currency by another country. The issues it raises are identical for the other countries in the region using the South African rand, for example, and they would be for any country of, say, Eastern Europe, considering eventually adopting the euro.") Wikipedia, Dec. 10, 2007 (Dollarization occurs when the inhabitants of a country use foreign currency in parallel to or instead of the domestic currency. Dollarization can occur: unofficially, without formal legal approval; semiofficially (or officially bimonetary systems), where foreign currency is legal tender, but plays a secondary role to domestic currency; officially, when a country ceases to issue the domestic currency and uses only foreign currency. The term dollarization is not only applied to usage of the United States dollar, but also generally to the use of any foreign currency as the national currency. As of August 2005, the United States dollar, the Euro, the New Zealand dollar, the Turkish new lira, the Russian ruble, the Swiss franc, the Indian rupee and the Australian dollar were the only currencies used by other countries for official dollarization.) LC database, Dec. 10, 2007 (titles: Dollarization; Dollarization and semi-dollarization in Ecuador; The dollarization debate; Exchange rate regimes and financial dollarization; An econometric investigation of dollarization in Egypt) |
| Not found in | Harvey, C.R. Glossary of finance and business terms, via WWW, Dec. 7, 2007; Investopedia, via WWW, Dec. 7, 2007; AmosWeb glossarama, via WWW, Dec. 7, 2007; Encyclopedia of business, via WWW, Dec. 7, 2007 |
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