Research On Latin's Dollarization Pattern Of International Monetary Cooperation

Based on the researches of relative subjects,this paper systematicly discusses the Latin'sDollarization pattern of the International regional monetary cooperation.It consists of sevenchapters. The first and second chapters lay a foundation for the whole text.In the first chapter,itintroduces the necessity and the patterns of the International regional monetary cooperationresumptively.In the second chapter,it discusses the Dollarization's connotation,character andstatus quo.At the same time,it points out the flaw of traditional methods for measuringDollarization,and puts forwards a new one that can describe the Dollarization of newsituations. The third and fourth chapters are the essential of this paper.In the third chapter,proceeding from the character of Latin's economics,the author puts forwards his opinionabout the reason for Dollarization,which is based on the past researches.In the fourthchapter,Some evidences are laid out to support Chapter Three.using the Portfolio BalanceModel and the data of Mexico ,the author gets some conclutions that differ from others byeconometrics methods such as Cointegration Test,Error Correction Model and Impulseresponse function of VAR Model.In the fifth chapter,the author discusses Dollarization's influence on exchange rate, fiscalpolicy and monetary policy.What should be attracted attention is that the author introduces amethod which can calculate the critical value reported in the Roberto Chang's Model.In the sixth chapter,the author analysis the advantages and the disadvantages ofDollarization from three different lights,including the light of Latin,the light of America and thelight of International regional monetary cooperation.Then the author describes the outlook forDollarization.In the last chapter,the author analysis what can China be inspired.Using theconclutions above it discusses two patterns,one is the Dollarization in China,the other is thatRMB substitutes foreign currency.As a magisterial thesis,the author thinks that its mail services can be listed asfollows.Firstly,based on past researches,it studies Dollarization in Latin systematically and itperfects the research of International regional monetary cooperation.Secondly,it uses a lot ofeconometrics methods that more suitable for Dollarization.At last,it can be useful for thedevelopment patterns of RMB.