Descripción:
Within the framework of mercantile relations, money is not simply an instrument; it has its own variable value and can therefore be considered part of the potential portfolio of alternatives. When the value of money (or a particular currency) is unstable it becomes the object of financial speculation, whether as a result of brusque changes (financial crack) or gradual devaluation (persistent inflation or the depressive trap). This article argues that persistent financial deficits also have negative implications for the value of a currency and thus incite financial speculation. In the Venezuelan case, fiscal incontinence based on short-term credits leads to a persistent reduction in the value of the Bolívar and thus needs to be remedied.