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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
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