He says that
Argentina’s convertibility system failed because it allowed for both monetary
and exchange rate policies. He says a recent survey in Venezuela showed 59% of
respondents supported currency boards and 62% supported dollarization. He says
that in Panama, Ecuador, and El Salvador, which are officially “dollarized,”
and in Peru which is semi-officially dollarized, “real GDP growth has been more
stable and generally superior to growth in the countries that issue their own
domestic currencies.” More…
No comments:
Post a Comment