Liberty Fund publicó recientemente un nuevo número del Liberty Review América Latina para el período noviembre/diciembre de 2014. En este proyecto, Liberty Fund ofrece una síntesis de una serie de documentos pre-seleccionados sobre la realidad de la región, o escritos por autores latinoamericanos.

En este número se ha incluido una referencia al artículo que hemos escrito junto a Nicolás Cachanosky proponiendo una reforma bancaria para argentina, basada en el modelo de banca libre.

Argentina’s economy and monetary institutions are, once again, experiencing a serious crisis. In this article, the authors propose a monetary reform for Argentina that consists of flexible dollarization plus a free banking regime. By flexible dollarization, they mean that the peso should be replaced with the U.S. dollar as a first step, but the market should have the freedom to interact with any selected currency. Therefore, the country does not become attached the U.S. dollar; on the contrary, it becomes a free currency country. By free banking, they mean giving financial institutions permission to issue their own banknotes convertible into U.S. dollars or any other currency or commodity of their choice. The authors conclude by noting that their proposal is insufficient to solve Argentina’s weak economic performance over the long run, but it is a necessary measure in light of the government’s historical dependence on inflationary revenue.