Chronic dollarization: Argentina and Brazil
Dollarization is usually an acute monetary phenomenon. It accompanies shortlivedinflationary processes. In Latin America, it is usual to hear of a threat of dollarization,but effective dollarization only takes place with hyperinflation. An exception is Argentina,where there is a historically new phe...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1991 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1444 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1444 |
| Access Level: | acceso abierto |
| Palabra clave: | Dolarização inflação estabilização Dollarization inflation stabilization |
| Sumario: | Dollarization is usually an acute monetary phenomenon. It accompanies shortlivedinflationary processes. In Latin America, it is usual to hear of a threat of dollarization,but effective dollarization only takes place with hyperinflation. An exception is Argentina,where there is a historically new phenomenon: a chronic, long-lived dollarization. If chronic(inertial) inflation is particularly difficult to control, chronic dollarization is still more difficult. JEL Classification: F31; E31. |
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