Author: Charles Alfred McQueen
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 24
Book Description
Currency, Exchange, and Banking in Bolivia
Author: Charles Alfred McQueen
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 24
Book Description
Currency, Exchange, and Banking in Bolivia
Author: Charles A. McQueen
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
Book Description
Currency Substitution
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 1451848617
Category : Business & Economics
Languages : en
Pages : 32
Book Description
This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials between boliviano and dollar deposits in the Bolivian banking system are statistically significant determinants of the degree of currency substitution. However, the explanatory power of these variables is low compared to variables that measure the degree of inertia in the currency substitution process. Thus, further reductions in inflation or higher interest rates for boliviano bank deposits are likely to have but a small effect on dollarization.
Publisher: International Monetary Fund
ISBN: 1451848617
Category : Business & Economics
Languages : en
Pages : 32
Book Description
This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials between boliviano and dollar deposits in the Bolivian banking system are statistically significant determinants of the degree of currency substitution. However, the explanatory power of these variables is low compared to variables that measure the degree of inertia in the currency substitution process. Thus, further reductions in inflation or higher interest rates for boliviano bank deposits are likely to have but a small effect on dollarization.
Currency Substitution
Author: Benedict Clements
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials between boliviano and dollar deposits in the Bolivian banking system are statistically significant determinants of the degree of currency substitution. However, the explanatory power of these variables is low compared to variables that measure the degree of inertia in the currency substitution process. Thus, further reductions in inflation or higher interest rates for boliviano bank deposits are likely to have but a small effect on dollarization.
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials between boliviano and dollar deposits in the Bolivian banking system are statistically significant determinants of the degree of currency substitution. However, the explanatory power of these variables is low compared to variables that measure the degree of inertia in the currency substitution process. Thus, further reductions in inflation or higher interest rates for boliviano bank deposits are likely to have but a small effect on dollarization.
Inflation Dynamics and Monetary Policy in Bolivia
Author: Mr.Alejandro D. Guerson
Publisher: International Monetary Fund
ISBN: 1513586130
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia’s monetary policy framework has been effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer goods subject to recurrent supply shocks, especially food items. Empirical testing indicates that the monetary policy framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while the defacto dollar peg has also played a role. Looking ahead, the current framework will be tested by the new commodity price normal and a potentially permanent adjustment in relative prices. Against this background, consideration could be given to a more flexible exchange rate policy arrangement, with short term interest rates as the main policy instrument.
Publisher: International Monetary Fund
ISBN: 1513586130
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia’s monetary policy framework has been effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer goods subject to recurrent supply shocks, especially food items. Empirical testing indicates that the monetary policy framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while the defacto dollar peg has also played a role. Looking ahead, the current framework will be tested by the new commodity price normal and a potentially permanent adjustment in relative prices. Against this background, consideration could be given to a more flexible exchange rate policy arrangement, with short term interest rates as the main policy instrument.
Macro Policy in a Dollarized Economy
Author: Kenneth P. Jameson
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 36
Book Description
Bolivia
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452796300
Category : Business & Economics
Languages : en
Pages : 82
Book Description
This Selected Issues paper on Bolivia reports that it has experienced major increases in its gas reserves, production, and exports. Not only have their levels increased significantly, but also there have been extensive regulatory changes, which range from the privatization of the mid-1990s to the increase in the government’s tax take from the hydrocarbons industry. The government has reached new agreements with foreign oil companies that will allow foreign companies to continue recovering part of their old investments.
Publisher: International Monetary Fund
ISBN: 1452796300
Category : Business & Economics
Languages : en
Pages : 82
Book Description
This Selected Issues paper on Bolivia reports that it has experienced major increases in its gas reserves, production, and exports. Not only have their levels increased significantly, but also there have been extensive regulatory changes, which range from the privatization of the mid-1990s to the increase in the government’s tax take from the hydrocarbons industry. The government has reached new agreements with foreign oil companies that will allow foreign companies to continue recovering part of their old investments.
Updating Economic Memorandum on Bolivia
Author:
Publisher:
ISBN:
Category : Bolivia
Languages : en
Pages : 92
Book Description
Publisher:
ISBN:
Category : Bolivia
Languages : en
Pages : 92
Book Description
Bolivian Public Finance
Author: Charles Alfred McQueen
Publisher:
ISBN:
Category : Bolivia
Languages : en
Pages : 134
Book Description
Publisher:
ISBN:
Category : Bolivia
Languages : en
Pages : 134
Book Description
Bolivia
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451805756
Category : Business & Economics
Languages : en
Pages : 78
Book Description
Preliminary estimates show that pension costs will continue to grow for several years, and controlling and curbing pension costs will be a challenge for Bolivia. Market-friendly reforms could limit the scope for dollarization and its risks. A gradual shift toward a more flexible exchange rate regime will help Bolivia to face adverse shocks. This paper summarizes the main components of Bolivia’s strategy to strengthen the financial and corporate sectors. The statistical data on economic indices of Bolivia are also presented in the paper.
Publisher: International Monetary Fund
ISBN: 1451805756
Category : Business & Economics
Languages : en
Pages : 78
Book Description
Preliminary estimates show that pension costs will continue to grow for several years, and controlling and curbing pension costs will be a challenge for Bolivia. Market-friendly reforms could limit the scope for dollarization and its risks. A gradual shift toward a more flexible exchange rate regime will help Bolivia to face adverse shocks. This paper summarizes the main components of Bolivia’s strategy to strengthen the financial and corporate sectors. The statistical data on economic indices of Bolivia are also presented in the paper.