International Monetary Fund. Western Hemisphere Dept.
Curaçao and SintMaartenMonetaryUnion: Considerations on Dollarization
Since the dissolution of the Netherlands Antilles in 2010, there has been recurrent interest in the topic of the exchange arrangement in Curaçao and Sint Maarten. More recently, the authorities have been weighing benefits and costs of dollarization versus maintaining the common currency. This note aims to lay out relevant information and issues for the authorities’ discussion. It provides considerations from the literature, examines institutional arrangements in dollarized economies