Talk:Dollarization
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[edit] Four year time lag!
This article needs a serious update to euro-time. Personally, I removed some content that said "euro should become a strong rival to U.S. dollar in ... [countries mentioned]".
SHOULD become?? Is the article seriously implying that euro is a future event? On what year was this written? Is this a printed or an online encyclopedia?
I won't fix the article because I have no expertise. Someone with financial and monetary knowledge could do the job.
80.221.61.8 13:49, 27 January 2006 (UTC)
[edit] Text structure is chaotic
Nothing more to say. I know little on the topic, but it is easy to notice if the article is bad. This one REALLY is terrible. It is absolutely too long, chapter structure is as messy as a vomit -- the article even seems to contain several sections that greatly overlap each other. Also it is in places SERIOUSLY out-of-date, even as much as six years.
Greetings, 80.221.61.8 14:01, 27 January 2006 (UTC)
- I agree whole-heartedly with the anon above. —Nightstallion (?) 14:06, 27 January 2006 (UTC)
[edit] NOT COPYVIO
The text for this article was originally taken from this site. Even the site claimed to be the source for a copyvio (http://www.sica.gov.ec/ingles/docs/basics_of_dollarization.htm) says the text is a US Senate report. The source site has a copyright notice that reads "All rights are reserved by the various authors or organizations, except that there is no copyright on the papers originally issued by the Joint Economic Committee of the U.S. Congress." (Like the one used here).--Bkwillwm 13:31, 30 January 2006 (UTC)
- Look at it. It's worthless for the purposes of a user-created encyclopedia. Let the slate be cleaned. Lotsofissues 13:39, 30 January 2006 (UTC)
- There's no requirement that everything be original, much of Wikipedia is taken from other sources. Obiviously, the article is much longer than it should be. The text needs to be cut down. All other things aside, it's not a copyvio and should not treated as one.--Bkwillwm 16:07, 30 January 2006 (UTC)
- Nothing is written prohibiting the dumping of piles of text--except, a common sense respect for the function of Wikipedia. This text doesn't just need to be "cut down", it needs be wrecked apart. In its current form, it is not an encyclopedia entry. It is dry, lengthy, and unusable to the reader. And it is a 4 hour cleanup task to any editor. Dumping has essentially disabled this page. I'm going to revert it back unless you want to clean it up.
- There's no requirement that everything be original, much of Wikipedia is taken from other sources. Obiviously, the article is much longer than it should be. The text needs to be cut down. All other things aside, it's not a copyvio and should not treated as one.--Bkwillwm 16:07, 30 January 2006 (UTC)
Lotsofissues 00:13, 2 February 2006 (UTC)
[edit] Removed Danish krone
I have removed references to the use of Danish kroner in Greenland and the Faroe Islands as dollarization. These countries are parts of the Kingdom of Denmark (although with special constitutional status), so it is nothing special that they use the same currency as the rest of it (Faroese banknotes have their own design, but are printed and issued by the Danish National Bank). It would seem to be more useful to reserve the term "dollarization" to the situation where a politically independent sovereign state officially uses the money of another. Otherwise those genuinely interesting cases would be lost among various overseas territories and dependencies such as "Puerto Rico uses U.S. dollars" or "the Gibraltar pound is at par with GBP". Henning Makholm 16:30, 5 May 2006 (UTC)
- How about a split for dependencies and for sovereign nations? —Nightstallion (?) Seen this already? 17:39, 8 May 2006 (UTC)
[edit] Questions re: a few currencies
The Bahamian dollar, Netherlands Antillean gulden, and Aruban florin are all pegged to the US Dollar. Would these be proper examples of dollarization? RB McLeroy 14:53, 1 December 2006 (UTC)
- I wouldn't say that the Bahamian dollar is a proper example; pegging is different from all-out dollarization. If you go to El Salvador and sell some goods at the market, you will be paid in actual, genuine Federal Reserve notes which you can bring to the USA and start using immediately. Conversely, go to the Bahamas and sell something; you will get some local piece of paper that the local central bank happens to promise that you can exchange to US dollars at par. If the bank (or the entire country) goes belly-up before you get around to doing the exchange, you're screwed. Or, said differently: cash holdings in the Bahamas are in principle vulnerable to the government deciding overnight to devalue or unpeg their currency; such is not the case for truly dollarized economies. (This is not to say that pegged currencies must not be mentioned in the article, but a proper distinction should be made). Henning Makholm 01:01, 3 December 2006 (UTC)
