The Costs of Losing Monetary Independence: The Case of Mexico
نویسندگان
چکیده
This paper develops a two-country monetary model calibrated to data from the U.S. and Mexico to address the question of whether dollarization is welfare improving for the two countries. Our findings suggest that dollarization is not necessarily Pareto superior to monetary independence for Mexico. Thomas F. Cooley Vincenzo Quadrini Paganelli-Bull Professor of Economics Assistant Professor of Economics Department of Economics Department of Economics Stern School of Business Stern School of Business New York University New York University
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تاریخ انتشار 2000