| Author(s): |
prof. Roman Horváth Ph.D.,
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| Type: |
Articles in journals with impact factor |
| Year: |
2004 |
| Number: |
0 |
| ISSN / ISBN: |
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| Published in: |
Finance a uver - Czech Journal of Economics and Finance, pp. 252-266 |
| Publishing place: |
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| Keywords: |
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| JEL codes: |
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| Suggested Citation: |
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| Abstract: |
This paper focuses on the option of dollarization/euroization. It attempts to provide some arguments for the view that there are no one-size-fits-all exchange rate policies for the emerging market economies. However, there are some macroeconomic dis-advantages of flexible exchange rates in the emerging market economies stemming from the issues such as ‘original sin’. In a similar sense, timing of euro adoption in accession countries is complex matter as well. The paper compares the costs and benefits of euro adoption, in particular to unilateral euroization. |
