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"credibility" The idea of for a country to appear credible by using a golden straightjacket. It's usually used by countries coming out of hyperinflation phases
by randomafrican 15y ago
"credibility"
The idea of for a country to appear credible by using a golden straightjacket.
It's usually used by countries coming out of hyperinflation phases.
And that policy has badly failed before in Argentina.
- dalke 15y agoDomestic monetary policies also badly fail. Zimbabwe is the most spectacular recent example. Panama has been using the US dollar for over 100 years - is it not am example of how the policy can succeed, or does that work only because it has the Panama Canal?