La caja de convertibilidad, la dolarización y la integración monetaria en América Latina

Resumen

GULLLÉN ROMO REVIEWS ULTRA FIXED MOPNETARY ARRANGEMENTS - CURRENCY BOARD, DOLLARIZATION AND MONETARY .INTEGRATION- AS POTENCIAL CURRENT EXCHANGE REGIMES FOR LATIN AMERICAN ECONOMIES NONE OF THESE ARRANGEMENTS, SAYS THE AUTHOR, IS THE BEST ALTERNATIVE FOR ALL COUNTRIES AT ALL TIMES. ITS APLICATION MUST TAKE INTO CONSIDERATION POLICY ISSUES AND POWER CORRELATION BETWEEN WINNERS AND LOSERS IN THE FACE OF INSTITUTIONAL CHANGE ENTAILED BY THE NEW CURRENT EXCHANGE REGIME.