Bolivia
The Election-Devaluation Cycle
In 1975, the Nobel laureate economist William D. Nordhaus suggested that developing economies might seek to prop up the value of their currencies before an election, only to undergo a devaluation soon after. Recent experiences in Nigeria, Turkey, Arg
In 1975, the Nobel laureate economist William D. Nordhaus suggested that developing economies might seek to prop up the value of their currencies before an election, only to undergo a devaluation soo… [+6272 chars]
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