Dollarization in Ecuador

            Some currencies are essentially abandoned when they become increasingly worthless due to hyperinflation. The public simply transitions to using foreign currencies instead. However, it’s also possible for a government to officially dispense with its own money and adopt that of another country as its official legal tender. Ecuador experienced a major economic crisis in

The Poseidon Mining Bubble

           For centuries, investments in mines have been particularly speculative. As such, they tend to attract small investors rather than institutions. Also, their share prices can be subject to very large and swift movements once news, or mere rumors, get out. At the end of 1969, mining shares in Australia surged higher before very swiftly giving

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