Argument: Dollarization is a band-aid approach to poor economic policy

Issue Report: Dollarization


  • Daniel Gross. “The Case for Fewer but Stronger Currencies”. New York Times. February 19, 2006 – “Some Latin American countries, notably Mexico, have tamed inflation without abandoning their own currencies. ‘If you have sound economic policies in a country, you don’t need dollarization,’ said Nouriel Roubini, professor of economics at New York University’s Stern School of Business. ‘And if you follow poor policies, I don’t think dollarization will solve your problems.'”