A note from El Salvador

The dollarisation of El Salvador's economy has brought relative calm to the Central American economy. But it will not be able to completely avoid the collateral damage from a slump in the United States, says Steve H. Hanke, a professor of applied economics at the Johns Hopkins University and a contributing editor of Central Banking.

En route from Washington to San Salvador, where I was scheduled to address El Salvador's Chamber of Commerce and Industry on 23 October 2008, an article in the Wa

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