Journal Article

Dollarization and monetary sovereignty: the case of Argentina


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.

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

Access Documents

File(s): File format is text/html https://fraser.stlouisfed.org/title/4515/item/627708
Description: Full Text

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1999

Issue: Sep

Order Number: 2