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Prof. Steve Hanke. File photo
The collapse of Ukraine’s hryvnia currency, which has lost half of its value against the US dollar since the start of 2015, has resulted in a surge of inflation, Economics Professor Steve Hanke wrote in a recent blog.
Hanke, who is professor at Johns Hopkins University and Senior Director of the Troubled Currencies Project at Cato Institute, said that “at present, Ukraine’s implied annual inflation rate is 272%, the world’s highest”.
You can read the full blog post here.
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
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Acting Education Minister Sergey Ignatov said that his recent visit to Kyiv came at a critical moment, stressing that it could not be delayed. According to him, the signing of a protocol with his Ukrainian counterpart was decisive for the future of the Bu
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The Bulgarian National Bank has to change the way it publishes information about the banking system in Bulgaria, renowned economist Prof Steve Hanke has said.
The International Monetary Fund's "imprudent over-commitment of funds" leaves the institution "no choice but to pull the plug" on Athens, a renowned economist has said.
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A terror attack is the least likely version to explain the incident with a suspected "homemade bomb" found in a bus traveling from Prague (Czech Rep.
In an article titled “Greece: Down and Probably Out”, Professor Steve Hanke argues that another Greek debt default is just around the corner.
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