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Argument: Dollarization increases market access and integration
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Parent Debate(s):
Supporting evidence
- Cristina Arellano and Jonathan HeathcoteBoard , “Dollarization and Financial Integration”, Board of Governors of the Federal Reserve System, International Finance Discussion Papers, Number 890, February 2007"In contrast, there is strong evidence that EMU has increased financial integration across the Euro area along many dimensions, in particular by reducing bond spreads across member countries."
