Resumen

SIERRA SUAREZ, LYA PAOLA  y  LOZANO BAQUERO, DIANA MARIBEL. WHAT DO WE KNOW ABOUT DOLLARIZATION AND ITS EFFECTS ON THE LATIN-AMERICAN ECONOMIES THAT ADOPTED IT?. Rev.fac.cienc.econ. [online]. 2010, vol.18, n.1, pp.119-132. ISSN 0121-6805.

There is dollarization when a foreign current is adopted, usually Dollar, living aside the existing national currency. Given the importance of this topic and its recent and acknowledge concept, this research presents a bibliographic review about main studies which analyze dollarization. Additionally, the causes, types and effects generated in this kind of processes are analyzed. The authors agree that dollarization has been traditionally adopted to solve macroeconomic unbalances presented in the economies, such as, inflationary outbreaks exchange rates movements, fiscal and current account unbalances, and unemployment, among others.

Palabras clave : Dollarization; monetary policy; macroeconomic management; international trade; exchange regimens.

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