1 The Dollarization Debate in Argentina and Latin America Pablo E. Guidotti and Andrew Powell 1 March 2000 Revised, November 2001 Revised, April 2002 1 Pablo E. Guidotti is Director of the School of Government at the Universidad Torcuato Di Tella, and Andrew Powell is Professor of Economics at the Universidad Torcuato Di Tella. The views expressed are exclusively those of the authors. We wish to thank in particular Verónica Cohen Sabban and Elena Grubisic for excellent research assistance. Any mistakes naturally remain our own.