As Paul Krugman Is Itching To Get A Job In The Next Hillary Clinton Administration: Eichengreen et al (pdf), in a good discussion of all this in the Latin American context, give the example of Chile, which was hit very hard by falling copper prices at the end of the 1990s despite a much more favorable institutional setup than Russia right now — and, of course, without having de facto invaded (!!!) a neighboring country.
Posted on: Tue, 16 Dec 2014 15:16:54 +0000
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