dollarization
type: Concept
definition: Official dollarization refers to the practice by some countries of using the U.S. dollar as their official currency. In such a system, there is no central bank, no independent monetary policy, and no independent exchange rate. [Source: Encyclopedia of Business in Today's World; Dollarization]
broader: international monetary system

international monetary system
type: Concept
narrower: dollarization

concepts
type: Collection
type: ConceptGroup
member: dollarization