noun
- plural of dollarization; instances or processes of adopting the U.S. dollar as a country's official currency or medium of exchange
- plural of dollarization; the conversion of prices, wages, or economic values to U.S. dollar equivalents
Usage: economics; typically used in discussions of monetary policy and international finance
Usage: economics; often refers to informal or de facto use of dollars in economies
Examples
- Several Latin American countries have pursued dollarizations to stabilize their economies.
- The dollarizations of these emerging markets reflected a loss of confidence in local currencies.
- Economists debated the merits and risks of dollarizations in developing nations.
- Ecuador's dollarization in 2000 was one of the most significant dollarizations in recent history.
- The dollarizations of informal economies often occur before official policy changes.
- Central banks studied the dollarizations of neighboring countries before making their own decisions.