Implementing Dollarization in Argentina: Why it is necessary to restructure the Central Bank
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When evaluating the economic feasibility of an official dollarization in Argentina (adopting the dollar as legal tender), many analysts assert that it is impossible at a reasonable exchange rate. They reach this conclusion by dividing the monetary base (in pesos) by net reserves (in dollars). This formula supposedly yields the “conversion exchange rate” for a dollarization.
Implementing Dollarization in Argentina: Why it is necessary to restructure the Central Bank
Implementing Dollarization in Argentina: Why…
Implementing Dollarization in Argentina: Why it is necessary to restructure the Central Bank
When evaluating the economic feasibility of an official dollarization in Argentina (adopting the dollar as legal tender), many analysts assert that it is impossible at a reasonable exchange rate. They reach this conclusion by dividing the monetary base (in pesos) by net reserves (in dollars). This formula supposedly yields the “conversion exchange rate” for a dollarization.