Economic reality is another earthquake: Venezuela’s reconstruction requires coordination, not a state monopoly

The Daily Journal — Economist Asdrúbal Oliveros has brought a sobering reality to the forefront, one that forces the country to look beyond the physical destruction and the undeniable human tragedy. The recent earthquake has carved a deep crack into Venezuela’s already fragile financial structure. According to the analyst’s preliminary estimates, the material losses are […]

Continue Reading

Venezuela’s Economic Challenge Depends on Stabilizing the Dollar

José Gregorio Yépez Economists who follow Venezuela closely agree that the U.S. dollar exchange rate plays a central role in shaping the country’s current economic reality. Price behavior in Venezuela remains closely tied to fluctuations in the value of the U.S. currency in the local market. As a result, maintaining exchange-rate stability has become a […]

Continue Reading