I guess if Argentina did dollarize it would be similar to the scenario of countries joining the eurozone. This has happened a few times since the introduction of the euro, but all smaller economies: mostly the Baltics and small countries like Slovenia, Slovakia and Malta. Usually the conversion to the euro happened at a rate at which the converting currency had been pegged for some preliminary period.
― o. nate, Friday, 22 December 2023 16:32 (five months ago) link
Why similar to the countries you mention and not Italy or Greece? Italy's economy being bigger than Argentina's
― anvil, Saturday, 23 December 2023 13:32 (five months ago) link
I guess it is similar to that too. I was thinking of the difference between joining an existing currency and forming a new one. But I guess they are basically the same.
― o. nate, Saturday, 23 December 2023 15:39 (five months ago) link