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Dollarization and monetary sovereignty: the case of Argentina

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Author Info
David E. Altig
Owen F. Humpage
Abstract

In January, President Menim of Argentina proposed strengthening his country's commitment to monetary stability by replacing the peso with the U.S. dollar. Dollarization leaves Argentina without a lender of last resort, but the Federal Reserve's current operating procedure combines with existing Argentine arrangements to mitigate this drawback.

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File URL: http://www.clevelandfed.org/Research/commentary/1999/0915.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (1999)
Issue (Month): Sep 15 ()
Pages:
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Handle: RePEc:fip:fedcec:y:1999:i:sep15

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Related research
Keywords: Argentina ; Monetary policy - Argentina ; Currency boards;

Cited by:
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  1. Paul Hallwood & Ian W. Marsh & Jorg Scheibe, 2001. "Official Dollarization in Latin America: Could it Work?," Working papers 2001-06, University of Connecticut, Department of Economics. [Downloadable!]
  2. David Altig, 2006. "Damned If You Do: Comment on Schuler’s Argentina Analysis," Econ Journal Watch, Atlas Economic Research Foundation, vol. 3(2), pages 88-94, May. [Downloadable!]
  3. Jerry Jordan & John Carlson, 2000. "Money, Monetary Policy, and Central Banking," Journal of Financial Services Research, Springer, vol. 18(2), pages 241-253, December. [Downloadable!] (restricted)
  4. Kurt Schuler, 2006. "Reply to David Altig and Brad Setser," Econ Journal Watch, Atlas Economic Research Foundation, vol. 3(2), pages 105-108, May. [Downloadable!]
  5. Bill Francis & Iftekhar Hasan & Delroy Hunter, 2002. "Emerging market liberalization and the impact on uncovered interest rate parity," Working Paper 2002-16, Federal Reserve Bank of Atlanta. [Downloadable!]
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This page was last updated on 2009-12-15.


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