Wednesday, 28 June 2017

Future of Money

The Troubled Currencies Project

Posted by
July 10, 2013

A Joint Cato Institute – Johns Hopkins Project
Directed by
Prof. Steve H. Hanke
Senior Fellow, The Cato Institute
Professor of Applied Economics, The Johns Hopkins University

 

For various reasons — ranging from political mismanagement, to civil war, to economic sanctions — some countries are unable to maintain a stable domestic currency. These “troubled” currencies are associated with elevated rates of inflation, and in some extreme cases, hyperinflation. Often, it is difficult to obtain timely, reliable exchange-rate and inflation data for countries with troubled currencies.

To address this, the Troubled Currencies Project collects black-market exchange-rate data for these troubled currencies and estimates the implied inflation rates for each country. The data and estimates will be updated on a regular basis.

Continue reading at Cato.org…

image: flickr.com/epsos