A plan for dollarizing Argentina
Turkish Economic Review
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Title |
A plan for dollarizing Argentina
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Creator |
AVILA, Jorge C.; Economics at the University of CEMA, Buenos Aires
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Subject |
Country risk; Zero-trust country; Currency substitution; Irreversible reforms; Panama; Branch banking.
E02; E42. |
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Description |
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.JEL. E02, E42.
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Publisher |
Turkish Economic Review
Turkish Economic Review |
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Contributor |
—
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Date |
2019-10-13
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://www.kspjournals.org/index.php/TER/article/view/1929
10.1453/ter.v6i3.1929 |
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Source |
Turkish Economic Review; Vol 6, No 3 (2019): September; 218-231
Turkish Economic Review; Vol 6, No 3 (2019): September; 218-231 2149-0414 |
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Language |
eng
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Relation |
http://www.kspjournals.org/index.php/TER/article/view/1929/1942
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Rights |
Copyright (c) 2019 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0 |
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