Dollarisering as ekonomiese oplossing vir die Zimbabwiese ineenstorting = Dollarisation as economic solution for the Zimbabwean demise

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Periodical article

Title:	Dollarisering as ekonomiese oplossing vir die Zimbabwiese ineenstorting = Dollarisation as economic solution for the Zimbabwean demise
Author:	Wessels, Buks
Year:	2010
Periodical:	Tydskrif vir geesteswetenskappe (ISSN 0041-4751)
Volume:	50
Issue:	1
Pages:	50-65
Language:	Afrikaans
Geographic term:	Zimbabwe
Subjects:	economic recession monetary policy exchange rates
Abstract:	The Zimbabwean economic and political malaise has been going on for longer than a decade and has deteriorated unabated. Runaway hyperinflation reaching unthinkable proportions, an almost hundred percent unemployment rate and a shattered currency with literally no external value or esteem characterize this demise. No instant political or economic solution exists for this situation, but economic restoration has to start with certain basic steps of economic reform. This paper suggests official dollarization as an alternative exchange rate regime with which to clear up the economic disorder that currently characterizes the economic scene. The paper explains the term 'dollarization', its features and the underlying rationale of the regime as a super-fixed exchange rate system for Zimbabwe. Thereafter the possible advantages and disadvantages that Zimbabwe can obtain from the system are highlighted, accompanied by a brief discussion on randization as a possible alternative solution. Bibliogr., sum. in English and Afrikaans, text in Afrikaans. [Journal abstract, edited]