Dollarization Alone Won't Solve Argentina's Deep Fiscal Woes
• Dollarization can address Argentina's high inflation, but not its fiscal problems like growing debt • Zimbabwe shows how politics can derail fiscal reforms needed alongside dollarization • Unofficial dollarization in Argentina has been a reality for decades due to high pesos inflation • Official dollarization would eliminate the parallel currency market activities • Reforms needed in Argentina include increasing tax revenue, reducing spending, and cutting deficits