dollarizationn.
/dɒlərʌɪˈzeɪʃən/ Economics.
The action or process of basing the value of a national currency upon that of the U.S. dollar; also, the tendency of an economy to become dominated by U.S. influence.
ΘΚΠ
society > trade and finance > management of money > management of national resources > [noun] > political economy > an economic policy > specific policies and actions
protection1719
co-operation1817
tariff-reform1859
monetary union1866
border protection1875
rationalization1875
tariffication1892
tariffade1904
inflationism1919
NEP1923
war communism1928
voodoo economics1930
substantivism1931
sterilization1938
deficit spending1941
deficit financing1943
tax-and-spend1956
indexation1960
stop-go1964
incomes policy1965
scala mobile1965
quantitative easing1966
jawboning1969
Nixonomics1969
developmentalism1970
degrowth1971
inflation-proofing1973
NEB1973
dollarization1982
fiscal engineering1982
Rogernomics1985
1982 Washington Post 1 Sept. a7/5 Washington's policies certainly do have effects on the economy here [i.e. in Mexico]... Some diplomats call this phenomenon ‘dollarization’.
1983 Times 14 Oct. 1/5 A secret and sweeping Treasury plan to link the entire economy to the US dollar, which would eventually have become legal tender. The so-called dollarization scheme was leaked by the Tel Aviv newspaper Yediot Aharonot.
1985 Economist 20 July (Israel Survey) 16/1 A particularly contentious structural change would be the ‘dollarisation’ of the shekel.
1990 Times 30 Jan. 6/7 Several economists argued that the move would accelerate the ‘dollarisation’ of the Soviet economy and sap confidence in the rouble still further.
This entry has not yet been fully updated (first published 1993; most recently modified version published online June 2018).
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n.1982