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Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute
Annual Report, Globalization and Monetary Policy Institute
Oil-Rich Venezuela Tips Toward Hyperinflation
Janet Koech
Abstract

Venezuela, once the wealthiest nation in Latin America, is suffering a dramatic reversal of fortunes and the worst economic crisis in its history. Though the nation has crude oil reserves of close to 300 billion barrels—the world’s largest such holdings—many Venezuelans go without the most basic goods in an economy plagued by chronic shortages.


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Janet Koech, "Oil-Rich Venezuela Tips Toward Hyperinflation" , Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute, Annual Report, Globalization and Monetary Policy Institute, pages 4-11, number 00033, 2016.
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