Macro Musings with David Beckworth cover image

Nicolas Cachanosky on Dollarization in Argentina

Macro Musings with David Beckworth

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Dealing with problematic areas of the central bank's balance sheet and addressing concerns about bank deposits

This chapter discusses the problematic areas of the central bank's balance sheet and proposes a solution that involves transferring the liabilities to the treasury's balance sheet. They explain the process and address concerns about bank deposits and potential bank runs.

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