Biggest example is Ecuador. Since adopting the dollar in 2000 they have sometimes even lower inflation that the US itself. Also when Correa was elected he could not increase spend like crazy because he lacked monetary authority. He even acknowledged that and said that the dollarization was an error LOL. He still managed to fuck the economy, but arguably it could have been a lot worse.
Could you expand on the dollarization as the right strategy for other countries?
Biggest example is Ecuador. Since adopting the dollar in 2000 they have sometimes even lower inflation that the US itself. Also when Correa was elected he could not increase spend like crazy because he lacked monetary authority. He even acknowledged that and said that the dollarization was an error LOL. He still managed to fuck the economy, but arguably it could have been a lot worse.