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Steve H. Hanke

Articles By Steve H. Hanke

Avoiding Latin America’s Currency Disasters

January 7, 2021

For decades, Latin America has been littered with one currency crisis after another. The best way to avoid these is to dump their disaster-prone currencies and replace them with the U.S. dollar, as Panama, Ecuador, and El Salvador have done. Dollarization occurs when residents of a country use a foreign currency instead of the country’s […]

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