Radical rentierism: gold mining, cryptocurrency and commodity collateralization in Venezuela

Rosales, Antulio

doi:10.1080/09692290.2019.1625422

Cited by 29 publications

(15 citation statements)

References 34 publications

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“…In this part, we examine the role of gold and its association with the cryptocurrency returns. In more recent studies, Rosales, 2019 , Ferdiansyah et al, 2019 argued that gold could be a good hedging instrument against adverse movements in cryptocurrency markets. Furthermore, Adebola et al (2019) examined the convergence (or divergence) of cryptocurrencies when putting gold in the portfolio.…”

Section: Methodology - Transfer Entropymentioning

confidence: 99%

“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet

Huynh

Nasir

et al. 2020

The North American Journal of Economics and Finance

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Highlights - Cryptos with small market capitalization are more likely to be sources of shocks than their larger counterparts. - Bitcoins can be considered as a better hedge due to its relative independence. - USDT strong anchoring with US$ makes it very volatile. - The idiosyncrasy of Gold enables it to weather adverse crypto market’s movements. - Having gold in the portfolio with cryptocurrency helps fruitful diversification.

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Section: Methodology - Transfer Entropymentioning

confidence: 99%

“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet

Huynh

Nasir

et al. 2020

The North American Journal of Economics and Finance

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“…Con la apertura del Arco Minero a la inversión extranjera, Maduro buscaba compensar las pérdidas por los ingresos del petróleo, aumentando la explotación, entre otros, de oro, bauxita, carbón y hierro del país. Sin embargo, estando en medio de una profunda crisis económica y política, no logró atraer muchas inversiones legales (Rosales, 2019). Más bien al contrario, la zona está controlada por distintos actores armados, cuyas actividades han conducido a un aumento de la deforestación y del envenenamiento por mercurio, junto con otros problemas medioambientales.…”

Section: Bloqueo De Las éLites Gubernamentales: Venezuela Y El Salvadorunclassified

¿Un compromiso social para el Antropoceno? Reacciones de las élites al Acuerdo de Escazú y las posibilidades de un Estado verde transformador latinoamericano

Bull¹

2022

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El mundo enfrenta con urgencia la necesidad de una “transformación verde”, que implica no solo una transición hacia el uso de energías renovables y la reducción de la pérdida de biodiversidad, sino también un profundo cambio social hacia la justicia social y la sostenibilidad. Ello requiere de compromisos sociales entre élites y sectores populares que permitan construir instituciones fuertes para implementar cambios. América Latina afronta enormes desafíos para aumentar la igualdad, la justicia y la sostenibilidad, pero también puede jugar un papel fundamental en la transformación verde global. La región también se caracteriza por tener élites robustas, fuertes movimientos socioambientales y profundos conflictos ambientales, que dificultan los compromisos sociales. Este documento analiza las reacciones de las élites al acuerdo regional más avanzado sobre regulación ambiental y resolución de conflictos, el Acuerdo de Escazù. En muchos países, las élites se opusieron con vehemencia, arguyendo la injerencia sobre su soberanía nacional, pero rechazando particularmente las implicaciones institucionales del acuerdo que suponen un mayor compromiso para permitir la participación popular. A esto se opusieron las élites económicas de los países democráticos (Chile, Colombia, Costa Rica y Perú), así como las élites gubernamentales de los países autoritarios (El Salvador y Venezuela). Sin embargo, en varios casos, la oposición de las élites fue superada gracias a la movilización social y al diálogo. Este documento analiza los aprendizajes de las reacciones de las élites al Acuerdo de Escazú ante futuros compromisos sociales como base para el surgimiento de Estados transformadores en América Latina.

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“…The lack of international credit to Venezuelan officials has pushed the government to use gold ingots as forms of payment for transnational transactions. The military has been associated with criminal organizations that have taken mining territories and subjected local miners (Rosales 2019). Iranian excess gasoline supply due to the COVID-19 slow-down has been sold to Venezuela to supply the domestic market, which faced dramatic shortages in 2020.…”

Section: Stealth Privatizations and Property Concessionsmentioning

confidence: 99%

Venezuela: Autocratic Consolidation and Splintered Economic Liberalization

Rosales

Jiménez

2021

Rev. cienc. polít. (Santiago)

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In 2020, Venezuela has gone through a process of autocratic consolidation. This consolidation has taken place amid substantial economic reforms that have allowed the government of Nicolás Maduro survive sustained international and domestic pressure. In this article, we analyze this process of autocratic consolidation. We explain how, by focusing on the establishment of an "interim-government" in 2019, the Venezuelan opposition has been unable to coordinate an inclusive strategy to successfully bring about a democratic breakthrough and instead became further divided. We address the economic transformations witnessed in the country as policies of fragmented liberalization through opaque privatizations and an uneven multi-currency system, which have resulted from a deep recession, the collapse of the oil economy and sanctions. Finally, we discuss the implications of these political and economic processes for the social fabric of the country. We highlight that despite the government's attempts at criminalizing autonomous activism, the relative strengths of civil society allowed the survival of minimal democratic spaces that have spurred dialogue and resistance.

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Radical rentierism: gold mining, cryptocurrency and commodity collateralization in Venezuela

Cited by 29 publications

References 34 publications

“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet

“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet

¿Un compromiso social para el Antropoceno? Reacciones de las élites al Acuerdo de Escazú y las posibilidades de un Estado verde transformador latinoamericano

Venezuela: Autocratic Consolidation and Splintered Economic Liberalization

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