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This video is a recording of Nicolás Cachanosky’s presentation at the XVII Gottfried von Haberler Conference in Vaduz, Liechtenstein, on May 12, 2023.

Nicolás Cachanosky is Associate Professor of Economics and Director of the Center for Free Enterprise at University of Texas at El Paso.

Abstract: In this paper, Nicolás Cachanosky discusses the benefits and dangers of dollarization. Dollarization is not only a way to control inflation with chronic monetary imbalances; it is fundamentally an institutional reform that contributes (in the margin) to checking the amount of government spending. Conversely, a poor design of a dollarization reform can facilitate the government confiscation of deposits and even relaunching its domestic currency.