A Plan for Dollarizing Argentina
Jorge Avila ()
No 134, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise
Abstract:
For many reasons, dollarization is an efficient and realistic option for this country. Yet, in order to last, it must be able to withstand banking panics without the assistance of a conventional lender of last resort and the lobby of protected industries to revoke dollarization. To this end, we advance a model of commercial banking close to that of Panama, under foreign law, and argue for free trade agreements with superpowers to smooth out real-exchange rate fluctuations.
Keywords: country risk; zero-trust country; currency substitution; irreversible reforms; Panama; branch banking (search for similar items in EconPapers)
JEL-codes: E02 E42 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2019-03
New Economics Papers: this item is included in nep-mac
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
https://sites.krieger.jhu.edu/iae/files/2019/12/A- ... rizing-Argentina.pdf Full text (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0134
Access Statistics for this paper
More papers in Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise Contact information at EDIRC.
Bibliographic data for series maintained by Steve H. Hanke ().