Re: Imposing the US Dollar on Canada

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Thu, 19 Apr 2001, John O'Donnell wrote:
> Any chance that this discussion will ever distinguish among
> using the US dollar as a standard of value, backing a
> currency with the US dollar or actually eliminating the
> domestic currency and replacing it with the US dollar? There
> are differences.


These distinctions were never overlooked.
The first issue is addressed in the currency substitution
literature.  The second in the literature on currency
boards. The term ``full dollarization'' is usually
reserved for the last.  You can be introduced to part
of the discussion by reading the free papers at
   http://www.dallasfed.org/htm/dallas/events/dollarspeech.html
Alan Isaac