Currency Substitution : The Recent Experience of Bolivia /

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...

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Autor principal: Clements, Benedict
Altres autors: Schwartz, Gerd
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1992.
Col·lecció:IMF Working Papers; Working Paper ; No. 1992/065
Accés en línia:Full text available on IMF