Concept information
Preferred term
numeraire and dollarization
Definition
- Numeraire and dollarization are both terms that refer to a country's adoption of a foreign currency as a numeraire and/or legal tender instead of a national currency. Numeraire is a unit of account, against which all goods and services are valued and priced. [Source: The Encyclopedia of Political Science; Numeraire and Dollarization]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/numeraire_and_dollarization
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