Has the Time Come for Dollarization in the Americas?
John Cochrane, David Malpass, and Emilio Ocampo met at the CATO Institute to discuss the benefits of dollarization to Latin American countries with a history of bad monetary policy.
John H. Cochrane is an American economist who has served as the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution since 2015. A specialist in financial economics and macroeconomics, he has been a professor of finance and economics by courtesy at the Stanford Graduate School of Business since 2016. From 1994 to 2015, he served as the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He writes regularly at his blog The Grumpy Economist.
David R. Malpass is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023 and as Under Secretary of the Treasury for International Affairs under Donald Trump. He was an economic advisor to Trump during the 2016 U.S. presidential election; Deputy Assistant Treasury Secretary under Ronald Reagan; and Deputy Assistant Secretary of State under George H. W. Bush. He was chief international economist at Bear Stearns from 1993 to 2002, and chief economist from 2002 to 2008. Malpass is Distinguished Fellow of International Finance at the Daniels School of Business at Purdue University.
Emilio Ocampo is an Argentine economist and historian. He was advisor to Javier Milei on dollarization in the 2023 presidential campaign. He is currently a professor at the Department of Finance at Universidad del CEMA (UCEMA) in Buenos Aires.
Check the link below to watch the event.
https://www.cato.org/events/has-time-come-dollarization-americas