Goal: skill development in the international monetary system

You are recently appointed as IMF Director for Western Hemisphere Department tasked with the development of recommendations for the dollarization of Venezuela.

Assignment

2.Watch the video lecture "International Monetary Systems" (1 hour 44 min) at https://www.youtube.com/watch?v=vKYCXasTbOw.

3.Review the "Venezuela Risk Assessment" site at https://globaledge.msu.edu/countries/venezuela/risk, including the section "Current Trends."

4.Based on ##2 and 3, outline the pros, cons and constraints associated with the dollarization of Venezuela.