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... > social science subjects > business and management > finance > international finance > international monetary system > dollarization
... > social science subjects > business and management > international business > international finance > international monetary system > dollarization
... > social science subjects > business and management > finance > monetary systems > international monetary system > dollarization
... > social science subjects > economics > macroeconomics > monetary theory > monetary systems > international monetary system > dollarization

Preferred term

dollarization  

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]

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https://concepts.sagepub.com/social-science/concept/dollarization

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