Dollarization and monetary sovereignty: the case of Argentina

David Altig and Owen Humpage

Economic Commentary, 1999, issue Sep

Abstract: In January, President Menim of Argentina proposed strengthening his country's commitment to monetary stability by replacing the peso with the U.S. dollar. Dollarization leaves Argentina without a lender of last resort, but the Federal Reserve's current operating procedure combines with existing Argentine arrangements to mitigate this drawback.

Keywords: Currency boards; Monetary policy - Argentina; Argentina (search for similar items in EconPapers)
Date: 1999
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