Paul Krugman notes that Ecuador, which uses the US dollar, has adopted broad tariff increases to tackle its current account deficit amidst the current crisis, right in line with the Eichengreen-Irwin explanation of fixed rates and protectionism.
Paul Krugman notes that Ecuador, which uses the US dollar, has adopted broad tariff increases to tackle its current account deficit amidst the current crisis, right in line with the Eichengreen-Irwin explanation of fixed rates and protectionism.