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Argument: Dollarization will not help nations with sound economic policies

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Supporting evidence

  • Daniel Gross. "The Case for Fewer but Stronger Currencies". New York Times. February 19, 2006 - "Some Latin American countries, notably Mexico, have tamed inflation without abandoning their own currencies. 'If you have sound economic policies in a country, you don't need dollarization,' said Nouriel Roubini, professor of economics at New York University's Stern School of Business. 'And if you follow poor policies, I don't think dollarization will solve your problems.'"

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