Mexico did this in the 1980's. It didn't work. It is strange that countries make the same mistakes over and over. I suspect that the Netherlands went through this centuries ago.
"Those who cannot remember the past are condemned to repeat it." -George Santayana
But I guess there's an element of "they did it wrong, we'll do it right" or "it'll work for us this time" or "this time is different because of x" and so on.
