摘要
It is inevtable that dollarilization, one of base paths towards financial regionalization and globalization, appeared in Latin America first. Dollarilization makes home residents obtain the right of choosing currency freely and resicts governmental inflation trend as well. However, it severely weakens the home currency, and aggravates such general problems as uncertainty of currency demand, exchange volatility, evenannoying deflation effect. With the challenge from dollarilization, a government has to either admit the existence of dollarilization and control the dollarilization risk via prudent supervision, or restrict the dollarilization, then eliminate the factors resulting in dollarilization.
It is inevtable that dollarilization, one of base paths towards financial regionalization and globalization, appeared in Latin America first. Dollarilization makes home residents obtain the right of choosing currency freely and resicts governmental inflation trend as well. However, it severely weakens the home currency, and aggravates such general problems as uncertainty of currency demand, exchange volatility, evenannoying deflation effect. With the challenge from dollarilization, a government has to either admit the existence of dollarilization and control the dollarilization risk via prudent supervision, or restrict the dollarilization, then eliminate the factors resulting in dollarilization.
出处
《金融研究》
CSSCI
北大核心
1999年第9期56-62,共7页
Journal of Financial Research
