Monetary Policy and Currency Boards: Latin America and Caribbean Countries Examples Vol.2

Download or read book Monetary Policy and Currency Boards: Latin America and Caribbean Countries Examples Vol.2 written by Steve Hanke and published by KSP Books - EconSciences. This book was released on 2023-03-01 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is possible to present a brief summary of the subjects that the chapters in this book focus on. Ch 1. The Hanke-Krus World Hyperinflation Table first appeared in the authoritative Routledge Handbook of Major Events in Economic History, which was published in 2013. The table contained every country that had ever experienced a hyperinflation – all 56 of them. With this paper, we amend the Table and add a 57th entry: Venezuela. On December 3, 2016, Venezuela’s inflation met all the criteria required to qualify as a hyperinflation. Specifically, Venezuela’s monthly inflation rate exceeded 50 percent per month for 30 consecutive days....