SUMMER SCHOOL 4: Inflation & Drinking Buddies
Planet Money
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Innovating Stability: The URV Solution
In this chapter, Brazil's finance minister seeks the guidance of economists to tackle pressing economic challenges, highlighting their long-standing frustrations with government policies. The economists propose an innovative virtual currency called URV to stabilize public confidence and control inflation while maintaining the use of the local currency, cruzeros. The chapter explores the strategic planning and risks involved in transitioning to this new economic framework to ensure a smooth implementation.
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