After faithfully maintaining a fixed exchange rate and fully convertible currency for almost a decade Argentina still … price of keeping the option to devalue alive. Argentina has sufficient foreign reserves to defend the currency against any … devaluation and they charge Argentina for the option to devalue. In 1999 President Menem recommended "dollarizing" the economy …

and chronic inflation such as Argentina. Interestingly, it is rarely known that one of the earliest debates on the …

expected probability of reversal is low. Argentina once again faces high, persistent, and volatile inflation. With a looming … affairs to a foreign jurisdiction. The paper explores whether dollarization can fulfill such role given Argentina's history of …