Haggard's work mentioned in article in The Economist
Surveys conducted by Haggard and Marcus Noland cited
01/14/2010
Banyan,
The Economist
JUST over a month ago North Korea announced a currency reform. All notes and coins in circulation were replaced by a new currency that lopped a couple of zeros from the old North Korean won. New currencies for old, as Ghana and others have shown, can send a strong signal from governments breaking with an inflationary past and putting sound money back into citizens’ pockets. In North Korea things are different. As Nicholas Eberstadt, a scholar of the country, puts it, the state has “a deep philosophical problem” with money in anyone’s pockets but its own.
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