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Issues in Venezuelan Monetary and Economic Reform

Author

Listed:
  • Belén Wu, María

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

This paper analyzes the historical background and current conditions relating to Venezuela’s economic crisis, focusing on its monetary and financial aspects. It aims to assist in making recommendations for appropriate monetary reforms, such as the establishment of an orthodox currency board or official dollarization. The paper addresses critical questions concerning such monetary reforms, as well as complementary economic reforms that would improve Venezuela’s troubled economy in the near future.

Suggested Citation

  • Belén Wu, María, 2016. "Issues in Venezuelan Monetary and Economic Reform," Studies in Applied Economics 62, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0062
    as

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    File URL: https://sites.krieger.jhu.edu/iae/files/2017/04/Issues-in-Venezuelan-Monetary-and-Economic-Reform.pdf
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    References listed on IDEAS

    as
    1. Grier, Kevin & Maynard, Norman, 2016. "The economic consequences of Hugo Chavez: A synthetic control analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 1-21.
    2. Steve Hanke, 2002. "On dollarization and currency boards: Error and deception," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(4), pages 203-222.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Currency board; dollarization; monetary reform; Venezuela;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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