From Financial Repression to External Distress: The Case of Venezuela
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The authors would like to thank Dany Bahar, Sebastian Bustos, Ricardo Hausmann, and Vincent Reinhart for useful comments and suggestions. We are also grateful to the Executive Committee of the Business Association of Latin American Studies (BALAS) for presenting this paper with the Sion Raveed Award during their Annual Conference held in San Juan, Puerto Rico, on March 2015. Miguel Angel Santos would like to thank the Instituto de Estudios Superiores en Administracion (IESA) for their financial support during the course of this research. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.