Argument: Dollarization is difficult where anti-Americanism is pervasive

Issue Report: Dollarization


  • Daniel Gross. “The Case for Fewer but Stronger Currencies”. New York Times. February 19, 2006 – “Advocates of dollarization recognize that the trend is also at odds with the prevailing political winds in the Western Hemisphere. ‘There is a mini-anti-American revolt going on in Latin America as we speak,’ Mr. Litan said. ‘Countries that would otherwise be interested, like Bolivia and Venezuela, have elected leftist governments’ that are ardently opposed to dollarization.”