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dollarization |
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| Such a decline would halt the further march of dollarization in Latin America (where Ecuador and El Salvador recently ditched their currencies, and with them the very possibility of capital account crises): a march that is every bit in America's long-term economic and security interests. But if I hadn't gone for dollarization, who knows what the sucre would be worth now. But some people in the informal economy don't think the dollarization was such a good idea. |
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