Author : Andres Sousa
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (951 download)
Book Synopsis The Impact Of The Currency Control Systems On The Venezuelan Economy by : Andres Sousa
Download or read book The Impact Of The Currency Control Systems On The Venezuelan Economy written by Andres Sousa and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The increase in severity and frequency of international financial crises, as well as the profound impact that these exert on emerging economies has prompted the political and academic discussion about the efficacy of currency exchange policies and regimes. This investigation aimed to analyze whether exchange controls make developing economies less vulnerable to adverse external shocks. In this context, the current economic circumstances of the Venezuela provided the perfect case study to evaluate as Venezuelans have a long trajectory of experiencing different categories of exchange rate policies and controls. An analysis of the components of public debt, the estimation of financial repression tax, as well as an examination of illicit financial flows, allows us to understand how rigid measures of control over the exchange market did not perform as expected at ameliorating precarious economic instances in which the South American country has been immersed.