Israel's Fischer on dollarization

In the speech 'Dollarization' given on 15 December Stanley Fischer of the Bank of Israel asks if dollarization, including full dollarization, should be avoided, why join EMU?

"This is a question which Turkey will have to ask itself, sooner one hopes, rather than later. The answer is that joining EMU is a more far-reaching step than implementing a currency board, or even deciding to use a foreign currency. For membership in EMU involves signing up to a host of restrictions on policy, not least on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.