From Dollar Dominance to Hyperinflation
From Dollar Dominance to Hyperinflation
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Several countries that have experienced hyperinflation adoptdollarization as a way to control domestic inflation. For example,Ecuador has used the U.S. dollar as its domestic currency since2000. What does dollarization imply about the exchange rate betweenEcuador and the United States? Why might countries experiencinghyperinflation adopt dollarization? Why might they do this ratherthan just fixing their exchange rate?
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7.8K views · 17 reactions | In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. (Via weirdhistory/X) | Stack's Bowers | Facebook
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7.8K views · 17 reactions | In 1923, at the most fevered moment of th…
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