BUSINESSWEEK ONLINE : MARCH 13, 2000 ISSUE
INTERNATIONAL -- LATIN AMERICA What Is Gained--and Lost--by Adopting the Dollar PROS -- Can quickly reduce inflation and interest rates, promoting economic stability -- Ends risk of devaluation, boosting foreign investor confidence -- Simplifies trade with other countries by eliminating exchange-rate transaction costs CONS -- Surrenders control over monetary policy to U.S. Federal Reserve -- Eliminates the interest income earned from holding currency reserves -- Does not address root causes of economic crises, such as public-sector inefficiency and overspending DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Ecuador: Greenback Magic? (int'l edition) TABLE: What Is Gained--and Lost--by Adopting the Dollar INTERACT E-Mail to Business Week Online

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