Hanke's View on Argentina

In a paper published earlier this month by Cato in their foreign policy series Professor Steve Hanke outlines his views on solutions for the crisis in Argentina. In 1991 Professor Hanke advised the then Argentine government on the establishment of the currency board.

"To avert a financial crisis and spur economic growth, Argentina should officially dollarize its economy by replacing the peso with the dollar. It should also allow banks to issue their own dollar-denominated notes."

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