Peru’s monetary system would not work in Venezuela | Fortune

Steve H. Hanke is a Senior Contributing Columnist at Fortune and a Professor of Applied Economics at The Johns Hopkins University. From 1995 to 1996, he was an economic advisor to President Rafael Caldera and is presently Special Adviser on Economic, Monetary, and Energy Affairs in the office of Congressman Antonio Ecarri at the National Assembly of Venezuela. His latest book, co-edited with Francisco Zalles, is La Dolarización en Ecuador: El Triunfo del Orden Espontáneo (2026). Emilio Ocampo is an Argentine economist and historian and professor at Universidad del CEMA (UCEMA) in Buenos Aires, Argentina. He is the co-author of two recent books, Dolarización: Una solución para la Argentina (2022) and Argentina dolarizada (2024).