Dollarization has been a recent topic of discussion in countries like Argentina and Venezuela. In extreme cases, dollarization is the only way to end out-of-control inflation. An inverse case is that of Zimbabwe, which de-dollarize (de jure) in 2019 after a decade of using the U.S. dollar. Zimbabwe walked straight back into high inflation.
Dollarization and outliers
Dollarization and outliers
Dollarization and outliers
Dollarization has been a recent topic of discussion in countries like Argentina and Venezuela. In extreme cases, dollarization is the only way to end out-of-control inflation. An inverse case is that of Zimbabwe, which de-dollarize (de jure) in 2019 after a decade of using the U.S. dollar. Zimbabwe walked straight back into high inflation.