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Anders Åslund explains how countries cope with hyperinflation and a currency shortage: Vodka, cigarettes, and other commodities become the new ersatz currency.
RELATED PUBLICATIONS
Book: Economic Sanctions Reconsidered: 3rd Edition (paper + CD-ROM) June 2009
RELATED INTERVIEWS
How the "Resource Curse" Affects Stability in Africa: Part I December 11, 2012
How the "Resource Curse" Affects Stability in Africa: Part II December 11, 2012
Egypt's $4.8 Billion IMF Loan: Could It Affect Gaza? November 20, 2012
Sanctions Are Finally Hitting Iran Hard: Part II October 4, 2012
Sanctions Are Finally Hitting Iran Hard: Part I October 3, 2012
Have the BRICS Outlived Their Usefulness? March 29, 2012
Economic Crisis in Egypt: Enter the IMF February 1, 2012
Ratcheting Up Economic Pressure on Iran II January 12, 2012
Ratcheting Up Economic Pressure on Iran I January 6, 2012
Outlook in Egypt: Shariah, Populism, or Reform? December 14, 2011