Hyperinflation in Venezuela
Authors: Lakshmi Iyer, Francisco Rodríguez
Keough School of Global Affairs, September 2021
Venezuela entered hyperinflation at the end of 2017, preceded by several years of large budget deficits and declining oil revenues. Despite many policy attempts to bring inflation under control, including currency redenomination, introduction of a new cryptocurrency, allowing de facto dollarization, and easing price...
Topics: Business & Economics, Policy