IIMR Webinar February 20th, 2024. Steve Hanke 'Dollarization in Argentina: necessary and feasible'

Steve Hanke from Johns Hopkins University explores what dollarisation of Argentina would involve. This is one of the IIMR Monetary Webinar series, winter term 2024.
Hosted by IIMR Director Damian Pudner in collaboration with the Vinson Centre for the Public Understanding of Economics and Entrepreneurship at the University of Buckingham.

[@iimr]

*To listen to the Q&A session - see the full version of the video uploaded on 8th March 2024*

[@gabnrami]

Where is the part with the questions from the spectators ? One question was about that the dollarization in arg was unconstitutional so it was easier and faster to create a currency board but hanke said that it doesn’t matter because the constitution says the country need a monetary authority, and he used the example of panama where the monetary authority did emit the balboa but dollarized… and that a currency board will be always in danger in Argentina and would not work because of the “anomy” and thus Argentina need a dollarization to secure the stabilization process, another one was about a currency board will have more adepts from the imf (hanke said it doesn’t matter) and the last one I don’t remember

[@iimr]

Thank you for the feedback. An updated version of the video with the Q&A session has now been uploaded. I hope this helps.

[@gabnrami]

@@iimrThanks, i rewatched the video with the q&a. Hanke is very versatile when talking and he answers very clearly. the replys from steve were important for the full understanding of the seminar.

[@andrewbaldwin4454]

You never replaced a hyperinflating Yugoslav dinar with the Deutschmark, Steve. That's malicious slander. According to Wiki: "Between 1992 and 1994, the Federal Republic of Yugoslavia (FRY) experienced the second-longest period of hyperinflation in world economic history.[1] This period spanned 22 months, from March 1992 to January 1994. Inflation peaked at a monthly rate of 313 million percent in January 1994." So the hyperinflation was five years gone when you worked on destabilizing Yugoslavia by switching Montenegro, but not Serbia, to the Deutschmark.