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Nicolas Cachanosky on Dollarization in Argentina

Macro Musings with David Beckworth

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Steps for Dollarization in Argentina

This chapter explores the three steps for dollarization in Argentina: dollarizing bank deposits quickly, dollarizing currency and circulation slowly, and dollarizing central bank liabilities at a slower pace. It discusses the challenges of currency denomination, the existence of an underground dollar market, and the experiences of other countries like Ecuador and El Salvador in dollarization.

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