An expert on currencies and inflation, Professor Hanke joins the show to explain what's happening in places like Venezuela and Turkey. How and why do currencies fail, and how can hyperinflation be prevented without bailouts.
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Russian Currency and Finance: A Currency Board Approach to Reform
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance.
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