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Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
(Yale University Press, 2006)

BOOK FORUM
Wednesday, February 14, 2007
12:00 PM

Featuring the author, Manuel Hinds, former minister of finance of El Salvador; with comments by Steve Hanke, Professor of applied economics at Johns Hopkins University, and Senior Fellow, Cato Institute.

The Cato Institute
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Poor countries should not forgo the benefits of dollarizing their economies in the name of having a currency they can call their own. Manuel Hinds, an architect of El Salvador’s dollarization, will challenge conventional thinking about monetary sovereignty and optimal currency areas. The sorry record of central banks in developing countries is not the only reason to favor the use of a hard currency. Without an internationally tradable currency, developing countries are walled off from the globalized financial system, thus raising the cost of business and increasing risk and uncertainty in the economy. Steve Hanke will discuss how the book’s insights relate to currency experiences in countries as diverse as Ecuador and Montenegro.

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Feeds for Cato events: RSS • iCal

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

To register or for more information, call (202) 789-5229, fax (202) 371-0841, or send email.

Unless otherwise noted, all events are held at

THE CATO INSTITUTE'S F.A. HAYEK AUDITORIUM
1000 MASSACHUSETTS AVENUE, NW
WASHINGTON, DC 20001

Business attire is requested.

For more information about Cato events, please visit Event FAQs.

The Cato Institute is located on the southwest corner of Massachusetts Avenue and 10th Street.
There is on-street, metered parking around the Institute, as well as a lot located on the corner
of Eye and 10th Streets. We are approximately 5 blocks from Metro Center. Take the metro to Metro
Center and use the 11th Street exit. Walk north so the lettered streets get higher (H, Eye, K, L,
Massachusetts). Make a right on L Street, and walk about 1 block. (See map)

Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries(Yale University Press, 2006)

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

Unless otherwise noted, all events are held at

Business attire is requested.

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

Unless otherwise noted, all events are held at

Business attire is requested.

Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
(Yale University Press, 2006)