The topic of dollarization in Argentina has left many confused about its feasibility and implementation. In this post, I aim to provide a pedagogical discussion of the proposal I started to work with Emilio Ocampo in the Fall of 2020. Before delving further, it’s essential to emphasize that the Argentine economic situation changes on a daily basis, meaning that the approach to implementing a proposal like this one may change over time. However, the key is to grasp the structure and concept behind this proposal’s work. Secondly, this proposal assumes implementation under a new democratically elected government committed to credible structural reforms. There is a regime change between now and then. Evaluating our dollarization proposal in the current context would conflate
How to Dollarize Argentina
How to Dollarize Argentina
How to Dollarize Argentina
The topic of dollarization in Argentina has left many confused about its feasibility and implementation. In this post, I aim to provide a pedagogical discussion of the proposal I started to work with Emilio Ocampo in the Fall of 2020. Before delving further, it’s essential to emphasize that the Argentine economic situation changes on a daily basis, meaning that the approach to implementing a proposal like this one may change over time. However, the key is to grasp the structure and concept behind this proposal’s work. Secondly, this proposal assumes implementation under a new democratically elected government committed to credible structural reforms. There is a regime change between now and then. Evaluating our dollarization proposal in the current context would conflate