Chronic dollarization: Argentina and Brazil

Luiz Carlos Bresser-Pereira () and Aldo Ferrer ()

Brazilian Journal of Political Economy, 1991, vol. 11, issue 1, 3-14

Abstract: Dollarization is usually an acute monetary phenomenon. It accompanies shortlivedinflationary processes. In Latin America, it is usual to hear of a threat of dollarization,but effective dollarization only takes place with hyperinflation. An exception is Argentina,where there is a historically new phenomenon: a chronic, long-lived dollarization. If chronic(inertial) inflation is particularly difficult to control, chronic dollarization is still more difficult. JEL Classification: F31; E31.

Keywords: Dollarization; inflation; stabilization (search for similar items in EconPapers)
Date: 1991
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