About this work
Fortun contrasts Bolivia's historical currency redenomination with its current exchange-rate adjustment, using an equilibrium-rate framework to argue that nominal change can precede deeper economic repair.
Stuck in the Loop, Part VIII: The Zeros Came Off Last
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Research theme
Bolivia economy and macroeconomics
Jonathan Fortun’s research on Bolivia’s economy: exchange rates, inflation, monetary conditions and the links between macroeconomic adjustment and development.
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