Devaluación en Venezuela y economía rentística. Astarita, R. La balsa de piedra: revista de teoría y geoestrategia iberoamericana y mediterránea, 2013.
Devaluación en Venezuela y economía rentística [link]Paper  abstract   bibtex   
On Friday February 8 the government of Venezuela devalued the currency a 46.5 %, bringing the Venezuelan bolivar to BSF 6.3 /US\$ (BSF: strong bolivars); in the parallel market, or black, the dollar was quoted at almost BSF 19. When Chavez took power, the exchange rate was in BSF 0.56 /US\$, so that in nominal terms the devaluation was higher than 1000 %. However, in real terms, the bolivar is appreciation, because the accumulated inflation between December 1998 and December of 2012 was almost 1500 %. According to Cepal, at the end of 2012 the Venezuelan currency was appreciated a 44.5 per cent over the average 1999-2009. Only in 2012 inflation was 21 %, in both the official exchange rate remained stable in bs 4.3 /US\$.
@article{astarita_devaluacion_2013,
	title = {Devaluación en {Venezuela} y economía rentística},
	issn = {2255-047X},
	url = {https://dialnet.unirioja.es/servlet/articulo?codigo=4435723},
	abstract = {On Friday February 8 the government of Venezuela devalued the currency a 46.5 \%, bringing the Venezuelan bolivar to BSF 6.3 /US\$ (BSF: strong bolivars); in the parallel market, or black, the dollar was quoted at almost BSF 19. When Chavez took power, the exchange rate was in BSF 0.56 /US\$, so that in nominal terms the devaluation was higher than 1000 \%. However, in real terms, the bolivar is appreciation, because the accumulated inflation between December 1998 and December of 2012 was almost 1500 \%. According to Cepal, at the end of 2012 the Venezuelan currency was appreciated a 44.5 per cent over the average 1999-2009. Only in 2012 inflation was 21 \%, in both the official exchange rate remained stable in bs 4.3 /US\$.},
	language = {spa},
	number = {4},
	urldate = {2018-02-27},
	journal = {La balsa de piedra: revista de teoría y geoestrategia iberoamericana y mediterránea},
	author = {Astarita, Rolando},
	year = {2013},
	pages = {3},
}

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