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Playing Monopoly with the Devil
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Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries

Manuel Hinds

Abstract

Why should a developing country surrender its power to create money by adopting an international currency as its own? This book explores the currency problems that developing countries face and offers sound, practical advice for policy makers on how to deal with them. The author, who has extensive experience in real-world economic policy making, challenges the myths that surround domestic currencies, and shows the clear rationality for dollarization or the use of a standard international currency. The book opens with a story of the Devil, who, through a series of common macroeconomic maneuvers ... More

Keywords: international currency, developing countries, policy making, domestic currencies, dollarization, financial systems, monetary behavior, Third World countries

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780300113303
Published to Yale Scholarship Online: October 2013 DOI:10.12987/yale/9780300113303.001.0001

Authors

Affiliations are at time of print publication.

Manuel Hinds, author