Unintended Consequences: Lessons From Sanctions in Venezuela
Sanctions are a tool to achieve political outcomes, not an end in themselves. Make sure to subscribe to Frank's Substack, it's pretty awesome
Sanctions are a tool to achieve political outcomes, not an end in themselves. Make sure to subscribe to Frank's Substack, it's pretty awesome
Not only does it pose a risk for those who incur in debt and the creditor banks particularly, but for the Venezuelan banking system, overall
Business leaders and economists warn that punishing transactions in USD, as the Maduro government is preparing to do, can reignite inflation and increase informality
The Maduro regime is using social media to promote the idea that a new tax on dollar transactions will have no impact on the majority of the population
How has the bodegón economy affected the ingredient availability and price of Venezuela's favorite Christmas dish? Let's see
Tech startups that offer online banking and financial services, transportation and delivery services, as well as digital payment alternatives, e-commerce, cryptocurrencies and fintech are multiplying all over the country
The first dramatic change after Manuel Rosales’s victory over Omar Prieto, is the absence of gas lines. The answer lies between street rumors and crowdsourced data
Venezuela joined the exclusive club of hyperinflationary four years ago, at the end of 2017. The end is near
Cryptocurrency exchanges such as Binance are also being used in daily transactions as a protection from the cash crisis, devaluation, and hyperinflation
We designed an NFT campaign to help fund Caracas Chronicles and after a couple of weeks of tweaking the drop, we're ready. We've got a date and a merry band of experts to celebrate it with
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
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