currency competition, dollarization, hyperinflation, libra, zimbabwe

The Zimbabwe government is back to its old money-printing tricks. As demand for Zimbabwe dollars dwindles, the government has ramped up restrictions on the use of substitutes. Late last month, as reported by Bloomberg News, "Zimbabwe’s government gave the central bank powers to impose civil penalties to…

dollarization, Ecuador, mercantilism, trade

An interesting debate has arisen in Ecuador during recent weeks over the following proposition advanced by authors at a Quito think tank: a dollarized country shouldn’t reduce its tariffs when the dollar is overvalued relative to the currencies of its regional trading partners (according to purchasing-power-parity measures)…