Problem
Why would Argentina have to give the United States seigniorage if it gave up its peso and dollarized its economy completely? How would you measure the size of Argentina's sacrifice of seigniorage? (To do this exercise, think through the actual steps Argentina would have to take to dollarize its economy. You may assume that the Argentine central bank's assets consist 100 percent of interest-bearing U.S. Treasury bonds.)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.