The Subcommittee on Economic Policy and the Subcommittee on International Trade and Finance have scheduled a joint hearing on dollarization in Latin American countries. Dollarization occurs when a country eliminates its own currency and adopts the U.S. dollar. The hearing will focus on testimony from Latin American economic experts discussing the potential effects, implications and benefits of dollarization.

WHEN:

9:00 a.m. Thursday, July 15, 1999

WHAT:

Subcommittees on Economic Policy and International Trade and Finance

WHERE:

538 Dirksen Senate Building

WHO:

The Honorable Manuel E. Hinds
Former Minister on Finance
Republic of El Salvador
San Salvador, El Salvador

Dr. Michael Gavin
Head of Economic Research for Latin America
Warburg Dillon Read, LLC
Stamford, Connecticut

Mr. David Malpass
Director for International Economics
Bear, Stearns & Co., Inc.
New York, NY

Dr. Liliana Rojas-Suarez
Chief Economist for Latin America
Deutsche Bank Securities, Inc.
New York, NY