Dollarising in a balance of payments crisis?

Dollarising in a balance of payments crisis?

1. 2018: always further away from stability

After the devaluation of Brazil from 1999 A discussion arose about whether or not the Argentinian economy was dollarising, which in particular led nowhere.

Although the then president of the BCRA, Pedro Pou, studied and debated with authorities and academics a draft of & # 39; Monetary agreement & # 39; with the USA. for that purpose, the change of government left the issue in the void.

The discussion appears again after the collapse of the agreement with the IMF in March 2001 and the beginning of a series of bank runs that would culminate with the fall of the government at the end of that year. Nor was anything in particular.


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