Several countries that have experienced hyperinflation adoptdollarization as a way to control domestic inflation. For example,Ecuador has used the U.S. dollar as its domestic currency since2000. What does dollarization imply about the exchange rate betweenEcuador and the United States? Why might countries experiencinghyperinflation adopt dollarization? Why might they do this ratherthan just fixing their exchange rate?
Several countries that have experienced hyperinflation adoptd…
Apr 27, 2023
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IMF, Ecuador reach agreement on proposed augmentation of $1 billion
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IMF, Ecuador reach agreement on proposed augmentation of $1 billion
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