Description
Book SynopsisWhy should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book explores the currency problems that developing countries face and offers practical advice for policymakers on how to deal with them.
Trade Review“In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies. For a watertight explanation of how and why dollarization makes eminent sense, one couldn’t do better than read this book.”—Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of
Financial Statecraft -- Robert Litan
"Dollarization as a policy idea is much more discussed than tested. Manuel Hinds has helped put it to the test in El Salvador with some impressive results. This book makes a powerful argument: It should be read by all who wish to act or opine on the critical question of whether one country, one currency is right for the twenty-first century."—Lawrence Summers, former Secretary of the Treasury of the United States and president of Harvard University
-- Lawrence Summers
