Product details

In the 1800s, the US did not have a domestic currency. The French franc, Spanish dollar, Portuguese escudo and English shilling were all used in the US. Like the US, many other countries had a foreign currency at some point in their history. Most of the Latin American countries had experienced unofficial dollarisation, whereas countries like Ecuador, El Salvador and East Timor had officially dollarised their currencies. Other countries like Bhutan, Namibia and Bahamas had semiofficially dollarised their economies. Dollarisation directly linked the economy of the dollarised nation with the economy of the issuing country. This case provides scope to discuss the experiences of various dollarised countries. It helps to discuss the effects of the different types of dollarisation on the economy that adopted any other currency as its domestic currency. A structured assignment ''204-051-4'' is available to accompany this case.