Cryptocurrency Q&A
Is dollarization good for the US?
Is dollarization good for the US?
QuasarPulse
Sun Nov 17 2024
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5 answers
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I'm wondering about the impact of dollarization on the US economy. Is it beneficial for the country, or does it have negative consequences? I'd like to understand the overall effect of this phenomenon.
5 answers
lucas_emma_entrepreneur
Mon Nov 18 2024
One of the anticipated advantages of complete dollarization is the decrease in the expense associated with borrowing.
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Starlight
Mon Nov 18 2024
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Tommaso
Mon Nov 18 2024
By adopting the US dollar, the risk of currency devaluation is mitigated, as the dollar is a globally recognized and stable currency.
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Giulia
Mon Nov 18 2024
This stability is expected to lead to a decrease in interest rates, as lenders perceive less risk in lending in a stable currency.
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CosmicWave
Mon Nov 18 2024
In the context of public debt, the reduction in interest rates translates to a decrease in the cost of debt service.
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